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On July 1, 2019, Bramble Corp. issued 8% bonds in the face amount of $12200000, which mature on July 1, 2025. The bonds were issued
On July 1, 2019, Bramble Corp. issued 8% bonds in the face amount of $12200000, which mature on July 1, 2025. The bonds were issued for $11652718 to yield 9%, resulting in a bond discount of $547282. Bramble uses the effective-interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30, 2021, Bramble's unamortized bond discount should be...
a.) $395245.
b.) $424845.
c.) $412845.
d.) $382845.
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