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Posted on Aug 29, 2024

Cullumber Company issued $ 6 4 0 , 0 0 0 , 8 % , 2 0 - year bonds on January 1 , 2

Cullumber Company issued $

640, 000, 8 %, 20 -

year bonds on January

1, 2022,

104 .

Interest is payable annually on January

1 .

Cullumber uses straight

-

line amortization for bond premium or discount.

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