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Franklin Corporation issues $87,000,10%,5-year bonds on January 1 for $90,900. Interest is paid semiannually on January 1 and July 1 . If Franklin uses the
Franklin Corporation issues $87,000,10%,5-year bonds on January 1 for $90,900. Interest is paid semiannually on January 1 and July 1 . If Franklin uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1 is a. $3,480 b. $3,960 c. $6,960 d. $3,870
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, George Foster, Srikant M. Datar
8th Edition
0131810669, 978-0131810662
