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On July 1, 2019, Concord Corporation issued 9% bonds in the face amount of $10400000, which mature on July 1, 2025. The bonds were issued
On July 1, 2019, Concord Corporation issued 9% bonds in the face amount of $10400000, which mature on July 1, 2025. The bonds were issued for $9947053 to yield 10%, resulting in a bond discount of $452947. Concord uses the effective-interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30, 2021, Concord's unamortized bond discount should be (Round intermediate calculations to O decimal places, eg. 9,020,890.) O $329666 O $347266. O $359266. O $317266
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