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(The following information applies to the questions dilsplayed below) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year

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(The following information applies to the questions dilsplayed below) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The interest amortization method. The partially completed amortization schedule below pertains to the bonds: bonds meture at the end of four years. Olive uses the effective- Amortization Balance s 69.252 68,955 68.647 s 2,652 2.355 End of Year 1 End of Year 2 End of Year 3 End of Year 4 297

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