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Question
warner company issued $1,600,000 of 6%, 10-year bonds on one of its interest dates for $1,381,920 to yield an effective annual rate of 8%. the effective-interest method of amortization is to be used. what amount of discount (to the nearest dollar) should be amortized for the first interest period?
a.$45,084
b.$21,808
c.$29,108
d.$14,554
Answer
This answer is hidden. It contains 1 characters.
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