On July 1 . 2014, Chelsea Company purchased as a long-term investment Soho Company's ten-year, 9 percent bonds, with a face value of $100,000 for $95,200 . Interest is payable semiannually on January 1 and July 1 . The bonds mature on July 1 . 2018 . Chelsea uses the straight-line method of amortization. What is the amount of interest revenue that Chelsea should report in its income statement for

the year ended December 31 . 2014?
a. $3,900
b. $4,500
c. $5,100
d. $5,700

C

Business

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Which statement regarding international law is incorrect?

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