Question
the discount on the bond of $134,209 would have to be amortized over the life of the bond. There are two methods of amortization....the straight
the discount on the bond of $134,209 would have to be amortized over the life of the bond. There are two methods of amortization....the straight line method and the effective rate.
Assume that you are using the effective ratemethod of amortization, what would be the amortization for the first year? and how would you journalize it ?
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
134128524, 978-0134128528
