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J1, 20To E9-16A. (Learning Objective 1: Measure cash amounts for a bond payable (premium); amortize bond premium using the straight-line method) Perry Bank has $450,000

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J1, 20To E9-16A. (Learning Objective 1: Measure cash amounts for a bond payable (premium); amortize bond premium using the straight-line method) Perry Bank has $450,000 of 9% debenture bonds outstanding. The bonds were issued at 105 in 2018 and mature in 2038. The bonds have annual interest payments. Lt

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