On january 1 2016 the keller co issued 140000 of 20-year 8, Ask an Expert

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On January 1, 2016, the Keller Co. issued $140,000 of 20-year 8% bonds for $172,000. Interest was payable annually. The effective yield was 6%. The effective interest method was used to amortize the premium.

What amount of premium would be amortized for the year ended December 31, 2016?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92796873

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