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Straight Line Amortization of Bond Premium or Discount
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Straight Line Amortization of Bond Premium or Discount
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11. Long Term Liabilities / Straight Line Amortization of Bond Premium or Discount / Problem 7
Problem 7
If a bond has a premium of \$3,600 and is amortized over 12 periods, what is the amortization per period?
A
\$30
B
\$3,600
C
\$300
D
\$360
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