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On January 1, Oriole Service Inc. issued $4884000, 9% bonds for $4575000. The market rate of interest for these bonds is 10%. Interest is payable
On January 1, Oriole Service Inc. issued $4884000, 9% bonds for $4575000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Oriole Service uses the effective-interest method of amortizing bond discount. At the end of the first year, Oriole Service should report unamortized bond discount of O $263250. O $291060. O $278100. O $260160. 
On January 1. Oriole Service Inc. issued $4884000,9% bonds for $4575000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Oriole Service uses the effective-interest method of amortizing bond discount. At the end of the first year, Oriole Service should report unamortized bond discount of $263250. $291060. $278100 $260160
On January 1, Oriole Service Inc. issued $4884000, 9% bonds for $4575000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Oriole Service uses the effective-interest method of amortizing bond discount. At the end of the first year, Oriole Service should report unamortized bond discount of O $263250. O $291060. O $278100. O $260160.
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Internal Auditing An Integrated Approach
Authors: Richard E. Cascarino
2nd Edition
0702172693, 978-0702172694
