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QUESTION 24 On January 1, 2021, $3,000,000, 5-year, 10% bonds, were issued for $2.860,000. Interest is paid annually on January 1. If the issuing corporation
QUESTION 24 On January 1, 2021, $3,000,000, 5-year, 10% bonds, were issued for $2.860,000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the amortization amount per year is $14,000 a. $36,500 Ob. $28,000 . $32,000 od QUESTION 25 A $1600 face value bond with a quoted price of 98 is selling for $1568. O a $1600. Ob $98. Oc $1502. d
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