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Yale Corporation issued to Zap Corporation $54,000, 8% (cash interest payable semiannually on June 30 and December 31) 10-year bonds dated and sold on January

Yale Corporation issued to Zap Corporation $54,000, 8% (cash interest payable semiannually on June 30 and December 31) 10-year bonds dated and sold on January 1. Assume that the company uses the effec...

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