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On January 1, 2016 Stone Co. acquired 8%, 5 year bonds of Pebble Inc. with face value of $300,000 for $312,000. They plan to hold
On January 1, 2016 Stone Co. acquired 8%, 5 year bonds of Pebble Inc. with face value of $300,000 for $312,000. They plan to hold the bonds to maturity. Interest payable on June 30 and December 31. Stone uses the straight-line method to account for amortization of the premium. How much should Stone amortize on June 30, 2016 
On January 1, 2016, Stone Co. acquired 8%, 5 year bonds of Pebble Inc. with a foce value of $300,000 for $312,000. They plan to hold the bonds to maturity. Interest is payable on June 30 and December 31. Stone uses the straight-line method to account for amortization of the premium. How much should Stone amortize on June 30, 2016. O $12,000 O $6,000 O $1,200 O $12,480
On January 1, 2016 Stone Co. acquired 8%, 5 year bonds of Pebble Inc. with face value of $300,000 for $312,000. They plan to hold the bonds to maturity. Interest payable on June 30 and December 31. Stone uses the straight-line method to account for amortization of the premium. How much should Stone amortize on June 30, 2016
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