On January 1,2012,Breaker,Inc.issued $400,000,10-year,10% bonds for $354,200.The bonds pay interest on June 30 and December 31.The market rate is 12%.The interest expense on the bonds at June 30,2013 is
A) $20,000
B) $24,000
C) $21,252
D) $17,710
Correct Answer:
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