Brimfest Corporation issued $2,400,000, 10-year, 6% bonds for $2,352,000 on January 1, 2019. Interest is...
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Brimfest Corporation issued $2,400,000, 10-year, 6% bonds for $2,352,000 on January 1, 2019. Interest is paid semiannually on January 1 and July 1. The corporation uses the straight-line method of amortization. Brimfest's fiscal year ends on December 31. The amount of discount amortization on July 1, 2019, would be O A. $2,400 O B. $4,800 O C. $48,000 OD. $144,000
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