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Kimmel, Financial Accounting,8e FINANCIAL G (201/207/703) Assignment Gradebook ORION ent Problem 10-10A (Part Level Submission) On January 1, 2017, Sheffield Corporation issued $1,760,000 face value,

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Kimmel, Financial Accounting,8e FINANCIAL G (201/207/703) Assignment Gradebook ORION ent Problem 10-10A (Part Level Submission) On January 1, 2017, Sheffield Corporation issued $1,760,000 face value, 8%, 10-year bonds at $1,543,711. This price resulted in an effective interest rate of 10% on the bonds. Sheffield uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest January 1

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