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Business, 22.04.2021 15:40 saltytaetae

On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Cash Interest Amortization Balance January 1, Year 1 $ 69,252 End of Year 1 $ 2,652 $ 2,355 $ 297 68,955 End of Year 2 ? ? ? 68,647 End of Year 3 ? ? 318 ? End of Year 4 ? 2,323 ? 68,000

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On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on Decemb...
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