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Flint Corp. invested in a three-year, $100 face value 9% bond, paying $95.11. At this price, the bond will yield a 11% return. Interest
Flint Corp. invested in a three-year, $100 face value 9% bond, paying $95.11. At this price, the bond will yield a 11% return. Interest is payable annually. (a) Your answer is correct. Prepare a bond discount amortization table for Flint Corp., assuming Flint uses the effective interest method required by IFRS. (Round answers to 2 decimal places, eg. 52.75) Date Cash Received Day 1 Bond Discount Amortization Table Interest Income Bond Discount Amoization Amortized Cc W End Year S 1 End Year 2 11 S 10.46 $ 1.46 1.62 10.62 End Year 9 10.80 1.80 3 $ 27 $ 31.88 4.88 eTextbook and Media List of Accounts Attompte: 1 of 3 cod
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