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On January 1 , Flint Inc. issued $ 3 0 8 9 0 0 0 , 1 1 % bonds for $ 3 2 7
On January Flint Inc. issued $ bonds for $ The market rate of interest for these bonds is Interest is
payable annually on December Flint uses the effectiveinterest method of amortizing bond premium. At the end of the first year,
Flint should report the bonds at a carrying value of
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