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Prepare the discount amortization schedule for Quebec Inc

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Reference no: EM132606498

Question - Quebec Inc. issued a bond with a face value of $300,000 with a three-year term and paying annual interest of 4%. The current market interest rate is 6%. The bond was purchased for $283,963 on January 1, 2010.

Instructions - Prepare the discount amortization schedule (with totals) for Quebec Inc?

Reference no: EM132606498

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