Hooker Company sells $200,000 of ten-year,8% bonds to yield 10% on January 1,2014.The bonds pay interest annually on December 31.The bonds were sold at a discount of $24,578.The amount of cash interest paid in 2015 is
A) $16,000.
B) $18,000.
C) $19,080.
D) $20,000.
Correct Answer:
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