On January 1 of the current year, the Barton Corporation issued 10% bonds with a face value of $200,000 . Thebonds are sold for $191,000 . The bonds pay interest semiannually on June 30 and December 31 and the maturitydate is December 31, five years from now. Barton records straight-line amortization of the bond discount. Thebond interest expense for the year ended December 31 is

a. $10,900
b. $18,200
c. $21,800
d. $29,000

c

Business

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Which of the following, if true, would result in a new hire to a company getting paid less than existing employees?

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