Question
On on January 1st Bramble Corp issued 7200,000, 11% bonds for $7668000. The market rate of interest for these bonds is 10% interest is payable
On on January 1st Bramble Corp issued 7200,000, 11% bonds for $7668000. The market rate of interest for these bonds is 10% interest is payable annually on December 31st Bramble uses the effective interest method of amortizing bond premium. at the end of the first year, Bramble should report unamortized bond premium of?
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Financial Accounting
Authors: Robert Libby, Patricia A Libby
7th Edition
0078111021, 9780078111020
