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On January 1,2018,a Company Issues 3-Year Bonds with a Face

Question 165

Essay

On January 1,2018,a company issues 3-year bonds with a face value of $560,000 and a stated interest rate of 8%.Because the market interest rate is higher than the stated interest rate,the company receives $543,200 for the bond.
Required:
Fill in the table assuming the company uses the straight-line bond amortization.
On January 1,2018,a company issues 3-year bonds with a face value of $560,000 and a stated interest rate of 8%.Because the market interest rate is higher than the stated interest rate,the company receives $543,200 for the bond. Required: Fill in the table assuming the company uses the straight-line bond amortization.

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