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On January 1, 2023, Always Corporation issues $2,600,000, 5-year, 8% bonds for $2,520,000. Interest is paid semiannually on January 1 and July 1. Always Corporation
On January 1, 2023, Always Corporation issues $2,600,000, 5-year, 8% bonds for $2,520,000. Interest is paid semiannually on January 1 and July 1. Always Corporation uses the straight-line method of amortization. The company's fiscal year ends on December 31. The amount of discount amortized on July 1, 2023 is: O A. $16,000. O B. $4,000. O C. $8,000. OD. $80,000. KUB
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