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What the Larkspur should report an unamortized bond discount

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Question - On January 1, Larkspur, Inc. issued $5250000, 9% bonds for $4930000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Bramble uses the effective-interest method of amortizing bond discount. At the end of the first year, what the Larkspur should report an unamortized bond discount?

Reference no: EM132947777

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