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Bridgeport Corp, irnvested in a three-year, $100 face value, 9% bond paying $90,56. At this price, the bond will yield a 13% return. Interest is
Bridgeport Corp, irnvested in a three-year, $100 face value, 9% bond paying $90,56. At this price, the bond will yield a 13% return. Interest is payable annually. Bridgeport uses the amortized cost model of accounting for investments. Your answer is partially correct. Prepare a bond discount amortization table for Bridgeport, assuming Bridgeport uses the effective interest method required by IFRS. (Round answers to 2 decimal places, es, 52.75.) Assuming Bridgeport applies ASPE and has chosen to use the straight-line method of amortization, determine the amount of discount that is amortized each year. (Round answer to 2 decimal places, es. 52.75.) Straight-line discount amortization each year
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