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If the issuing corporation uses the straight-line method to

Question - On January 1, $887,000, 5-year, 10% bonds, were issued for $860,390. Interest is paid semiannually on January 1 and July 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, what is the semiannual amortization amount?

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Accounting Basics: If the issuing corporation uses the straight-line method to

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Accounting Basics: If the issuing corporation uses the straight-line method to

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