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What the concord unamortized bond discount

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Question - On July 1, 2019, Concord Corporation issued 11% bonds in the face amount of $11700000, which mature on July 1, 2025. The bonds were issued for $11218965 to yield 12%, resulting in a bond discount of $481035. Concord uses the effective-interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30, 2021, what the Concord's unamortized bond discount?

Reference no: EM133107536

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