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Business, 01.07.2021 21:00 teescub9738

On January 1, Greene Inc. issued $5,000,000, 9% bonds for $4,685,000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Greene uses the effective-interest method of amortizing bond discount. At the end of the first year, Greene should report unamortized bond discount of:. a. $274,500.b. $285,500.c. $258,050.d. $255,000.

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On January 1, Greene Inc. issued $5,000,000, 9% bonds for $4,685,000. The market rate of interest fo...
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