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Tootsie Roll reported bonds payable of $7,500,000 at 12/31/17 on its balance sheet. If the face amount of these bonds were also $7,500,000, then the
Tootsie Roll reported bonds payable of $7,500,000 at 12/31/17 on its balance sheet. If the face amount of these bonds were also $7,500,000, then the unamortized bond discount at 12/31/17 was:
A. Zero
b. $1,000,000
c. $7,500,000
d. $500,000
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