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Bond Premium Amortization Fields Company sold an issue of $900,000,9%,10-year bonds for $961,156...

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Accounting

Bond Premium Amortization
Fields Company sold an issue of $900,000,9%,10-year bonds for $961,156 on March 1. The interest is payable semiannually on September 1 and March 1. The market rate of interest at the time the bonds were issued was 8%.

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