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Columbus Company issued $90,000 of 10-year, 5% bonds payable on January 1, 2018. Columbus Company pays interest each January 1 and July 1 and amortizes

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Columbus Company issued $90,000 of 10-year, 5% bonds payable on January 1, 2018. Columbus Company pays interest each January 1 and July 1 and amortizes discount or premium by the straight-line amortization method. The company can issue its bonds payable under various conditions. Read the requirements

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