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Question 2 (1 point) The following partial amortization schedule is available for Courtney Company who sold $750,000, five-year, 10% bonds on January 1, 2020, for
Question 2 (1 point) The following partial amortization schedule is available for Courtney Company who sold $750,000, five-year, 10% bonds on January 1, 2020, for $780,000 and uses annual straight-line amortization. Interest Periods BOND AMORTIZATION SCHEDULE Interest Interest Premium Unamortized Bond Carrying to be paid expense Amortization Premium Value $30,000 $780,000 6) (1) January 1, 2020 January 1, 2021 Which of the following amounts should be shown in cell (iv)? a) $24,000 b) $33,000 c) $27,000 d) $36,000
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