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5) On 1/1/20, P issued $300,000 of 10% bonds for $266,100, a 12%yield. Interest is payable January 1 of each year. S uses theeffective interest
5) On 1/1/20, P issued $300,000 of 10% bonds for $266,100, a 12%yield. Interest is payable January 1 of each year. S uses theeffective interest method. On 12/31/20, S purchased $225,000 of theoutst 2 answers
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