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Crystal Glassware Company issues $1,043,000 of it's 13%, 10-year bonds at 99 on February 28, 2019. The bonds pay interest on February 28 and August
Crystal Glassware Company issues $1,043,000 of it's 13%, 10-year bonds at 99 on February 28, 2019. The bonds pay interest on February 28 and August 31. Assume that Crystal uses the straight-line method for amortization. What net amount will be reported for the bonds on the August 31, 2019 balance sheet?
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