Question

the following partial amortization schedule is available for courtney company who sold $300,000, five-year, 10% bonds on january 1, 2012 for $312,000 and uses annual straight-line amortization.

which of the following amounts should be shown in cell (i)?

a.$31,200

b.$32,400

c.$30,000

d.$ 6,000

Answer

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