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On January 1, 2020, Ollie Goose Inc. issued $100,000, 10-year, par value bonds with a 7% coupon rate. Interest is payable semi-annually every June 30

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On January 1, 2020, Ollie Goose Inc. issued $100,000, 10-year, par value bonds with a 7% coupon rate. Interest is payable semi-annually every June 30 and December 31. The company's accounting period ends on December 31. Which of the following statements is true?

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