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Business, 07.03.2020 04:24 kristen17diaz

On January 1, 2017, Phantom Company acquires $200,000 of Spiderman Products, Inc., 9% bonds at a price of $185,589. Interest is received on January 1 of each year, and the bonds mature on January 1, 2020. The investment will provide Phantom Company a 12% yield. The bonds are classified as held-to-maturity. Instructions (a) Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the straight-line method.

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On January 1, 2017, Phantom Company acquires $200,000 of Spiderman Products, Inc., 9% bonds at a pri...
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