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Business, 08.11.2019 20:31 ashneedshelp1251

Webb company has outstanding a 7% annual, 10-year, $100,000 face value bond that it had issued several years ago. it originally sold the bond to yield 6% annual interest. webb uses the effective interest rate method to amortize the bond premium. on june 30, 2017, the outstanding bond’s carrying amount was $105,000. what amont of unamortized premium on the bond should webb reports in its june 30, 2018, balance sheet?

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Webb company has outstanding a 7% annual, 10-year, $100,000 face value bond that it had issued sever...
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