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On November 1, 2015, Davis Company issued $30,000, ten-year, 8% bonds for $28,980. The bonds were dated November 1, 2015, and interest is payable each
On November 1, 2015, Davis Company issued $30,000, ten-year, 8% bonds for $28,980. 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 afterthe November 1, 2016 interest payment was recorded using the straight-line method of amortization? O $28,878 O $29,082 $%29,082 O $29,184 O $28,980
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