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2019FA ACC115ONLN3 11/20/13447 PM Su Test This Question 5 pts This Test 25 p O , 20 0 the Bonde 0 D on Bonds Payable Ar the s
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Answer #1

Bonds are issued for 6 years.

Discount amortisation per year = $17,300 / 6 = $2,883

Balance in discount on bonds payable after one year = $17,300 - $2,883 = $14,417

Option D.

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