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What is the amount of discount amortized

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Question - On? 1/1/19, Lantana Loan? Co., a calendar-year company, accepts a 4?%, $ 300,000 three-year loan that pays interest semi-annually on? 6/30 and? 12/31 from Diamond? Distributors, when the market rate of interest was 8?%. In exchange for the? note, Diamond agrees to make semi-annual interest payments and repay the full $ 300,000 at maturity. What is the amount of discount amortized and the amount of Interest Revenue recorded on? 6/30/19, the date of the first interest? payment?

Reference no: EM132831636

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