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Business, 26.12.2019 22:31 martinezizzie

On january 1, 2009, a company issued a $500,000, 10%, 8-year bond payable, and received proceeds of $487,000. interest is payable each june 30 and december 31. the company uses the straight-line method to amortize the discount. the amount of interest expense to be recorded on june 30, 2009 is $25,000.

a. true

b. false

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