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On January 1, Martin Inc. issued 10 year, $1,000,000, 7 % bonds at 102. Interest is payable on December 31. The investors that purchase
On January 1, Martin Inc. issued 10 year, $1,000,000, 7 % bonds at 102. Interest is payable on December 31. The investors that purchase these bonds from Martin, Inc. are 3 Select one: on O a creditors of Martin, Inc. O b. stockholders of Martin, Inc. owners of Martin, Inc. 3 on O d. adversaries of Martin, Inc. On January 1, Year 1, Martin Corporation issues $3,000,000, 5-year, 10% bonds for $2.910,000. Interest is paid semiannually on January 1 and July 1. Martin uses the straight-line method of amortization. The amortization amount for the discount on bonds payable on July 1, Year 1 is: Select one: O a. $9,000. O b. $90,000. Oc. $30,000. O d. e. $29,100. None of these choices.
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