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What kingbird should report unamortized bond discount of

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Question 1: On January 1, Kingbird, Inc. issued $7750000, 9% bonds for $7275000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Splish uses the effective-interest method of amortizing bond discount. At the end of the first year, Kingbird should report unamortized bond discount of

Reference no: EM132607142

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