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Business, 12.04.2021 20:20 smay7681

On January 1 of Year Boing issued $3,500,000 of 7% bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $3.197,389 and the market rate of interest for similar bonds is 8%. The bond premium or discount is being amortized at a rate of $10,087 every six months . After accruing interest at year endthe company's December 31Year 1 balance sheet should reflect total liabilities associated with the bond issue in the amount of:

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On January 1 of Year Boing issued $3,500,000 of 7% bonds that pay interest semiannually on January 1...
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