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Business, 19.10.2021 17:20 2alshawe201

Oriole Co. sold $ 2,120,000 of 10%, 10-year bonds at 105 on January 1, 2020. The bonds were dated January 1, 2020, and pay interest on July 1 and January 1. If Oriole uses the straight-line method to amortize bond premium or discount, determine the amount of interest expense to be reported on July 1, 2020, and December 31, 2020. (Round answer to 0 decimal places, e. g. 38,548.)

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Oriole Co. sold $ 2,120,000 of 10%, 10-year bonds at 105 on January 1, 2020. The bonds were dated Ja...
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