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Required information [ The following information applies to the questions displayed below. ] On January 1 of this year, Olive Corporation issued bonds. Interest is
Required information
The following information applies to the questions displayed below.
On January of this year, Olive Corporation issued bonds. Interest is payable once a year on December The bonds
mature at the end of four years. Olive uses the effectiveinterest amortization method. The partially completed
amortization schedule below pertains to the bonds:
How much cash will be disbursed for interest each period and in total over the life of the bonds?
Cash disbursed per period
Cash disbursed in total
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