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On January 1, 2020, 52820000, 10 year, 10% bonds, were issued for $2736000. Interest is paid annually on January 1. If the issuing corporation uses

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On January 1, 2020, 52820000, 10 year, 10% bonds, were issued for $2736000. 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 $27360 $8400 $2374 $700

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