Newton company uses the straight-line method


Newton Company issued $1,028,000, 6%, 10-year bonds on December 31, 2013, for $976,600. Interest is payable semiannually on June 30 and December 31. Newton Company uses the straight-line method to amortize bond premium or discount.

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Accounting Basics: Newton company uses the straight-line method
Reference No:- TGS0684801

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