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On January 1,2020, $3540000,10-year, 10% bonds, were issued for $3435000. Interest is paid annually on January 1 . If the issuing corporation uses the straight-line

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On January 1,2020, $3540000,10-year, 10% bonds, were issued for $3435000. Interest is paid annually on January 1 . If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the monthly amortimation amount is $34350 $2549 $875. $10500

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