Question: Kimble Electronics issued its 6%, 20-year bonds payable at a price of $955,000 (face value is $900,000). The company uses the straight-line amortization method for

Kimble Electronics issued its 6%, 20-year bonds payable at a price of $955,000 (face value is $900,000). The company uses the straight-line amortization method for the bond discount or premium. Interest expense for the first year is: Answer Unselected $40,000 Unselected $42,250 Unselected $54,000 Unselected $51,250 Unselected I don't know yet

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