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On January 1, Marigold Inc. issued $6100000, 11% bonds for $5785000. The market rate of interest for these bonds is 12%. Interest is payable
On January 1, Marigold Inc. issued $6100000, 11% bonds for $5785000. The market rate of interest for these bonds is 12%. Interest is payable annually on December 31. Marigold uses the effective-interest method of amortizing bond discount. At the end of the first year, Marigold should report unamortized bond discount of $250950. $281950. $291800. O $278800.
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