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On November 1, 2015, Davis Company issued $30,000, nine-year, 8% bonds for $29,172. The bonds were dated November 1, 2015, and interest is payable each
On November 1, 2015, Davis Company issued $30,000, nine-year, 8% bonds for $29,172. The bonds were dated November 1, 2015, and interest is payable each on May 1 and November 1. Davis uses the straight-line method of amortization. How much is the book value of the bonds after the November 1, 2016 interest payment was recorded using the straight-line method of amortization? O $29,080. O $29,264 O $29172. O $29,356
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