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Please answer the question below for accounting. On January 1, Rom Corporation issued bonds with a face value of $800,000 and a stated rate of
Please answer the question below for accounting.On January 1, Rom Corporation issued bonds with a face value of $800,000 and a stated rate of 8%. The bonds mature in four years and pay interest semi-annually on June 30 and December 31. The market rate of interest on the date of issue was 6%.
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