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On January 1, Sabic issued $6,000,000, 11% bonds for $6,390,000. The market rate of interest for these bonds is 10%. Interest is payable annually on
On January 1, Sabic issued $6,000,000, 11% bonds for $6,390,000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Sal amortizing bond premium. At the end of the first year, Sabic should report unamortized bond premium of: Ol A) $370,260 O B) $369,000 O C)$347,000 O D) $330,000
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Accounting Principles
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
7th Canadian Edition Volume 2
1119048478, 978-1119048473
