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ACG$-2001-170$ PRINCIPLES.

Homework $11[$myBusinessCour$...$

$10|$ ACG$-2001-170$ PRINCIPLES...

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what is the time interest ratio $-......$

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Course Content $/$ Chapter $10/$ Homework $10$

Homework $10$

Question $16$

Partially correct

Mark $4\mathrm{.}38$ out of $5\mathrm{.}26$

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Bonds Payable Journal Entries; Straight$-$Line Interest Amortization

On December $31,$ Brown Company issued $$600,000$ of $20-$year, eight percent bonds payable for $$497,045,$ yielding an effective interest rate of ten percent. Interest is payable semiannually on June $30$ and interest payment and discount amortization on December $31.$

Round answers to the nearest dollar.

Incorrect

Mark $0\mathrm{.}00$ out of $1\mathrm{.}00$