Stafford co. Issued $200,000 face value, 6%, 10-year bonds on january 1, 2017 for $172,740. The market rate of interest was 8%. Interest is payable semi-annually on june 30 and december 31. Staffer uses the effective interest method to amortize bond premium or discount.
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Stafford co. Issued $200,000 face value, 6%, 10-year bonds on january 1, 2017 for $172,740. The mark...
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