On January 1, Hudson Corporation issues $500,000, 8%, 5-year bonds at 106. Assuming the straight-line amortization method is used and interest is paid annually, how much bond interest expense is recorded on the next interest date?
A) $6,000
B) $34,000
C) $46,000
D) $40,000

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The Answer of On January 1, Hudson Corporation issues $500,000, 8%, 5-year bonds at 106. Assuming the straight-line amortization method is used and interest is paid annually, how much bond interest expense is recorded on the next interest date?
A) $6,000
B) $34,000
C) $46,000
D) $40,000

On January 1, Hudson Corporation Issues $500,000, 8%, 5-Year Bonds