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On November 1, 2015, Davis Company issued $30, 000, ten-year, 7 % bonds for $29, 100. The bonds were dated November t, 2015, and interest

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On November 1, 2015, Davis Company issued $30, 000, ten-year, 7 % bonds for $29, 100. The bonds were dated November t, 2015, and interest in payable each November 1 and May 1. Davis uses the straight-line method of amortization. How much is the amount of discount on each semi-annual interest date? $90. $45. $900. $450

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