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Crane Ltd. sold Rs3,700,000, 7%, 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020 and pay interest annually on January

Crane Ltd. sold Rs3,700,000, 7%, 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020 and pay interest annually on January 1. Crane Company uses the straight-line method to amortize bond premium or discount.

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