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On January 1, 2018, Baltimore Company issued $150,000 face value, 7%, 10-year bonds at 102. Interest...

On January 1, 2018, Baltimore Company issued $150,000 face value, 7%, 10-year bonds at 102. Interest is paid annually on January 1. Baltimore uses the straight-line method for amortization. Use this information to determine the dollar value of the interest expense for the 2018 fiscal year. Round your answer to the nearest whole dollar.

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B 1 Particulars Amount($) 2 3 Bond issue price 4 Premium on issue 5 Annual premium amortization 6 Annual cash interest 153000A 1 Particulars B Amount($) 2. 3 Bond issue price 4 Premium on issue 5 Annual premium amortization 6 Annual cash interest =15

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