Question: CALCULATOR STANDARD VIEW PRINTER VERSION 14. Multiple Choice Question 183 Sandhill Co. received proceeds of $709000 on 10-year, 8% bonds issued on January 1, 2016.

CALCULATOR STANDARD VIEW PRINTER VERSION 14. Multiple Choice Question 183 Sandhill Co. received proceeds of $709000 on 10-year, 8% bonds issued on January 1, 2016. The bonds had a face value of $752000, pay interest annually on December 31st, and have a call price of 104. Sandhill uses the straight-line method of amortization. What is the amount of interest expense Sandhill will show with relation to these bonds for the year ended December 31, 2017? $55860 $60160 $56720 $64460 Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used

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