Multiple Choice
On November 1,2009,Davis Company issued $30,000,ten-year,7% bonds for $29,100.The bonds were dated November 1,2009,and interest is payable each November 1 and May 1.How much is the amount of straight-line discount amortization on each semi-annual interest date?
A) $90
B) $45
C) $900
D) $450
Correct Answer:
Verified
Correct Answer:
Verified
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