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On January 1 of the current year, $2,000,000 10-year 10% bonds were issued for $1,946,000. Interest is paid annually on January 1. If the issuing
On January 1 of the current year, $2,000,000 10-year 10% bonds were issued for $1,946,000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the monthly amortization amount is
$19,460. |
$5,400. |
$1,454. |
$450. |
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