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Question - On January 1, 2016, Antwon Corp. issued a ten year, $100,000, 8 percent bond with interest payments on June 30 and December 31. The bond issue was sold for $108,093. Assuming an effective interest rate of 5 percent, approximately how much of the premium will be amortized on December 31, 2016 using the effective interest method?
A) $1330.11
B) $4000.00
C) $1297.67
D) $2669.89
The renovations cost $50,000 and have a useful life of 8 years. Lisa's Boutique will record occupancy expense for the year ended December 31, of :
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