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On January 1, $891,000, 5-year, 10% bonds, were issued for $864,270. Interest is paid semiannually on January 1 and July 1. If the issuing corporation
On January 1, $891,000, 5-year, 10% bonds, were issued for $864,270. 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, what is the semiannual amortization amount?
Select: A. $44,500 B. $5,346 C. $26,730 D. $2,673
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