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Larson Company Issued $750,000 of 8%, 5-Year Bonds at 106

Question 187

Multiple Choice

Larson Company issued $750,000 of 8%, 5-year bonds at 106. Assuming straight-line amortization and annual interest payments, what is the amount of the amortization at each interest payment point?


A) $4,500
B) $9,000
C) $60,000
D) $51,000

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