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7. On January 1. 2016, a company issues 3-year bonds with a face value of $240,000 and a stated interest rate of 7%. Because the

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7. On January 1. 2016, a company issues 3-year bonds with a face value of $240,000 and a stated interest rate of 7%. Because the market nterest rate is 5%, the company receives S253070 for the bonds. Required Fil in the table assuning the company uses efective-interest bond amortization, (Round your answers to the nearest whole dollar) Table Cash Paid Expense Premium Payable Bonds Payable Value 0101/2010 1231/2010 1231/2017 1231/2018

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