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Ivanhoe Company issued $365,000, 8%, 15-year bonds on January 1, 2017, for $398,244. This price resulted in an effective-interest rate of 7% on the bonds.
Ivanhoe Company issued $365,000, 8%, 15-year bonds on January 1, 2017, for $398,244. This price resulted in an effective-interest rate of 7% on the bonds. Interest is payable annually on January 1. Ivanhoe uses the effective-interest method to amortize bond premium or discount. (a1) Your answer is incorrect. Try again. Prepare the schedule using effective-interest method to amortize bond premium or discount of Ivanhoe Company. (Round answers to 0 decimal places, e.g. 125.) Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value Issue date
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