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9. On January 1, 2015, Kerry Co. issued bonds with a face value of $4,000,000 at 102. The bonds have a 10-year life and
9. On January 1, 2015, Kerry Co. issued bonds with a face value of $4,000,000 at 102. The bonds have a 10-year life and interest is paid semi-annually. The interest rate on the bonds was 7%. What amount of premium is unamortized on December 31, 2017? a. $56,000 b. $24,000 c. $80,000 d. $78,000
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
