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On January 1, Year 1 Residence Company issued bonds with a 66.000% face value. The bonds were issued at 96 resuting in a 4% discoumt.

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On January 1, Year 1 Residence Company issued bonds with a 66.000% face value. The bonds were issued at 96 resuting in a 4% discoumt. They hed o 20 -yeat term and a stated rate of interest of 7%. Which of the following shows how the bond issue will affect Residence's financial statements on Jenusiy t, Yesr 17 Multople Choise Option A Option 1 Optione

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