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Any help will be appreciated On January 1, 2017, Moss Company acquires $500,000 of Adam Companys 10-year, 10% bonds at a price of $532,090 to
Any help will be appreciated
On January 1, 2017, Moss Company acquires $500,000 of Adam Companys 10-year, 10% bonds at a price of $532,090 to yield 9%. Interest is payable each December 31. The bonds are classified as held-to-maturity. Assuming that Moss Company uses the effective-interest method, what is the amount of bond premium amortization that would be recognized in 2018 related to these bonds?
$3,208
$0
$2,112
$2,302
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