Straight-line method to amortize bond premium


Rooney Company issued $300,000 8%, 10-year bonds on December 31, 2009, for $290,000. Interest is payable annually on December 31. Rooney uses the straight-line method to amortize bond premium or discount.

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Accounting Basics: Straight-line method to amortize bond premium
Reference No:- TGS080430

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