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On January 1 of the current year, the Barton Corporation issued 9% bonds with a face value of $70,000. The bonds are sold for $67,900.
On January 1 of the current year, the Barton Corporation issued 9% bonds with a face value of $70,000. The bonds are sold for $67,900. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, five years from now. Barton
records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is
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Bank Management Text And Cases
Authors: George H. Hempel, Alan B. Coleman, Donald G. Simonson
3rd Edition
