Franklin Corporation issues $50,000, 10%, 5-year bonds on January 1, for $52,100 . Interest is paid semiannually onJanuary 1 and July 1 . If Franklin uses the straight-line method of amortization of bond premium, the amount of bondinterest expense to be recognized on July 1 is
a. $10,290
b. $2,710
c. $2,500
d. $2,290
d
Business
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