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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 8
Problem 8
If a bond with a face value of \$50,000 is issued at 98%, what is the cash received?
A
\$52,000
B
\$48,000
C
\$49,000
D
\$50,000
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