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On January 1, 2016, a company issues 3-year bonds with a face value of S200.000 and a stated interest rate of 8%. Because the market
On January 1, 2016, a company issues 3-year bonds with a face value of S200.000 and a stated interest rate of 8%. Because the market interest rate is higher than the stated interest Tate, the company receives S194,000 for the bond. Required Fill in the table assuming the company uses the straight-linc bond amortization Period Ended Cash Paid Amortized Discount Interest Expense Bonds Payable Discount on Bonds Payable Carrying Value 01/01/16 12/31/16 12/31/17 12/31/18
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