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On January 1, 2021, Shark Company issues $600,000, 5-year, 7% bonds at 106. Interest is paid semiannually on January 1 and July 1. Shark Company

On January 1, 2021, Shark Company issues $600,000, 5-year, 7% bonds at 106. Interest is paid semiannually on January 1 and July 1. Shark Company uses the straight-line method of amortization. The comp...

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