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Lala Pista company issued callable bonds on January 1, 2011. LPC's accountant has projected the following amortization schedule from issuance until maturity:

If the straight-line method of amortization was appropriate to use, what amount of interest expense would be recorded on 12/31/2012?

A. $5,245

B. $6,137

C. $6,122

D. $7,878

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M948597

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