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    payiahang's Avatar
    payiahang Posts: 3, Reputation: 1
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    Nov 21, 2010, 05:31 PM
    Amortization of Bonds
    On January 1, Grogan Corporation issues $1,000,000, 5 year, 12% bonds at 96 with interest payable on July 1 and January 1. Assuming straight-line amortization, the carrying value of the bonds at the end of the third interest period is:
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    Sep 26, 2011, 05:47 PM
    On January 1, Grogan Corporation issues $1,000,000, 5-year, 12% bonds at 96 with interest payable on July 1 and January 1. The carrying value of the bonds at the end of the third interest period is
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