Straight-line amortization for bond premium or discount


Patino Company issued $400,000, 9%, 20-year bonds on January 1, 2010, at 103. Interest is payable semiannually on July 1 and January 1. Patino uses straight-line amortization for bond premium or discount.

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Accounting Basics: Straight-line amortization for bond premium or discount
Reference No:- TGS069640

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