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10 year 6% bonds payable are issued at a premium on 1/1/17 with interest payable annually at year end. Under the effective interest method, over
10 year 6% bonds payable are issued at a premium on 1/1/17 with interest payable annually at year end. Under the effective interest method, over the life of the bond.
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Under the effective interest method the carrying value of the bonds will change over the life of the ...
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
