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On January 1, 2020, $2100000, 10-year. 10% bonds, were issued for $2037000. Interest is paid annually on January 1. If the issuing corporation uses the
On January 1, 2020, $2100000, 10-year. 10% bonds, were issued for $2037000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the monthly amortization amount is $20370. $6300. $525. $2199
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