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S 02 02 48 On January 1 Year 1 Jones Company issued bonds with a...

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Algebra

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S 02 02 48 On January 1 Year 1 Jones Company issued bonds with a 230 000 face value a stated rate of Interest of 7 5 and a 5 year term to maturity The bonds were issued at 97 Interest is payable in cash on December 31st of each year The company amortizes bond discounts and premiums using the straight line method What is the total amount of liabilities shown on Jones balance sheet at December 31 Year 2 Multiple Choice 220 340 223 100 225 860

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