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Business, 14.11.2019 23:31 sirinapadeangel

On january 1, 2007, $1,000,000, 10-year, 10% bonds, were issued for $970,000. interest is paid annually on january 1. if the issuing corporation uses the straight-line method to amortize discount on bonds payable, the monthly amortization amount is
a. $9,700.
b. $3,000.
c. $808.
d. $250.

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