Business, 14.12.2019 03:31 aschunyhung

On january 1, 2018, solis co. issued its 10% bonds in the face amount of $8,000,000, which mature on january 1, 2028. the bonds were issued for $9,080,000 to yield 8%, resulting in bond premium of $1,080,000. solis uses the effective-interest method of amortizing bond premium. interest is payable annually on december 31.
at december 31, 2018, solis's adjusted unamortized bond premium should be:

a. $1,080,000.
b. $1,006,400.
c. $972,000.
d. $812,000.

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On january 1, 2018, solis co. issued its 10% bonds in the face amount of $8,000,000, which mature on...

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