eridan Company issued $970000 of 8%, 5-year bonds at 104, which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the b
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Sheridan Company issued $970000 of 8%, 5-year bonds at 104, which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the bonds?
$388000
$310400
$426800
$349200
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- Diana Inc. issued $100,000 of its 9%, 5-year bonds for $96,149 when the market rate was 10%. The bonds pay interest semi-annually. Prepare an amortization table for the first three payments.Irving Inc. sold bonds with a $50,000, 10% interest, and 10-year term at $52,000. What is the total amount of interest expense over the life of the bonds?Starmount Inc. sold bonds with a $50,000 face value, 12% interest, and 10-year term at $48,000. What is the total amount of interest expense over the life of the bonds?
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