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On 1 November 2015, Archangel Services issued $200 000 of 10- year debentures with a stated rate of 3%. The debentures were sold at discount for $191 000, and make half- yearly payments on 30 April and 31 October. At 31 December 2015, Archangel made an adjusting entry to accrue interest at year- end. No further entries were made until 30 April 2016 when the first interest payment was made. How much interest expense will be recorded for the period of January to April 2016?
American Modernist Art
Artwork produced in the United States during the late 19th and early 20th centuries, characterized by a break with traditional styles and experimentation with new forms of expression.
The Armory Show
A landmark exhibition held in 1913 in New York City, showcasing works of modern art and serving as a pivotal moment in the introduction of European avant-garde art to the American public.
Nude Descending
Refers to "Nude Descending a Staircase, No. 2," a famous painting by Marcel Duchamp that combines elements of Cubism and Futurism, depicting motion in abstract form.
Marcel Duchamp
A French-American painter, sculptor, and writer whose work is associated with Cubism, Dadaism, and Surrealism, challenging the traditional notions of art.
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