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On January 1, 2023, Always Corporation issues $2,600,000, 5-year, 8% bonds for $2,520,000. Interest is...

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Accounting

On January 1, 2023, Always Corporation issues $2,600,000, 5-year, 8% bonds for $2,520,000. Interest is paid semiannually on January 1 and July 1. Always Corporation uses the straight-line method of amortization. The company's fiscal year ends on December 31. The amount of discount amortized on July 1, 2023 is: O A. $16,000. O B. $4,000. O C. $8,000. OD. $80,000. KUB
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of amortizition. The compary's fical year ends on December 31. The amount of dscount amortired on 24y,1,2023 is A. $10,000 a. 4,000 . c. $3,000 D. $39,000

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