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Bond Amortization: on january 1, 2012, thompson Company issues $4 million of 5-year, 8% bonds with interest payable on June 30 and December 31. Thompson

Bond Amortization: on january 1, 2012, thompson Company issues $4 million of 5-year, 8% bonds with interest payable on June 30 and December 31. Thompson amortizes any discount or premium using the straight line method.

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