Warner company issued 80000 of 6 10-year bonds on one of, Ask an Expert

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Warner Company issued $800,00 of 6%, 10-year bonds on one of its interest dates for $690,960 to uield an effective annual rate of 8%. The effective-interest method of amortization is to be used. What amount of discount (to the nearest dollar) should be amortized for the first interest period?

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Category:- Accounting Basics
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