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On June 30, 2020, Sheridan Company issued $3,990,000 face value of 14%, 20-year bonds at $4,590,340, a yield of 12%. Sheridan uses the effective-interest
On June 30, 2020, Sheridan Company issued $3,990,000 face value of 14%, 20-year bonds at $4,590,340, a yield of 12%. Sheridan uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31.
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Advanced Accounting
Authors: Debra C. Jeter, Paul Chaney
5th Edition
1118022297, 9781118214169, 9781118022290, 1118214161, 978-1118098615
