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Bolton Corporation issued $2,500,000, 10-year, 7% bonds for $2,300,000 on January 1, 2019. Interest is paid semiannually on January 1 and July 1. The corporation
Bolton Corporation issued $2,500,000, 10-year, 7% bonds for $2,300,000 on January 1, 2019. Interest is paid semiannually on January 1 and July 1. The corporation uses the straight-line method of amortization. Bolton's fiscal year ends on December 31. The amount of discount amortization on July 1, 2019, would be A. $175,000 B. $200,000 O C. $10,000 OD. $20,000 34
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