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The bonds were issued on january 1 2016 and wayne uses the

Wayne Company issued bonds with a face value of $600,000, a 6% stated rate of interest, and a 10-year term. The bonds were issued on January 1, 2016, and Wayne uses the straight-line method of amortization. Interest is paid annually on December 31.

If Wayne issued the bonds for 96,

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Accounting Basics: The bonds were issued on january 1 2016 and wayne uses the

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