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On January 1, $884,000, 5-year, 10% bonds, were issued for $857,480. Interest is paid semiannually on January 1 and July 1. If the issuing corporation
On January 1, $884,000, 5-year, 10% bonds, were issued for $857,480. Interest is paid semiannually on January 1 and July 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the semiannual amortization amount is Oa. $44,200 Ob. $26,520 Oc. $5,304 Od. $2,652
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