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Cortez Co . issued $360,000, 10 % 10 year bonds on Dec. 31, 2011 for $320,000. interest is payable semi- annually on June 30 and
Cortez Co . issued $360,000, 10 % 10 year bonds on Dec. 31, 2011 for $320,000. interest is payable semi- annually on June 30 and Dec. 31. Cortez uses the straight line method to amortize bond discount. The payment of the semi - annual interest and discount amortization for six months
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