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Required information P10-10(Algo) Preparing a Bond Amortization Schedule for a Bond Issued at a...

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Accounting

Required information
P10-10(Algo) Preparing a Bond Amortization Schedule for a Bond Issued at a Premium L010-5
[The following information applies to the questions displayed below.]
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:
P10-10 Part 2
When the bonds mature at the end of Year 4, what amount of principal will Olive pay investors?
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