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The straight-line method is used to allocate interest

Enviro Company issues 11.00%, 10-year bonds with a par value of $310,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.00%, which implies a selling price of 124 7/8. The straight-line method is used to allocate interest expense

What total amount of bond interest expense will be recognized over the life of these bonds?

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Accounting Basics: The straight-line method is used to allocate interest

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