What amount is reported as bond discount on the issue date
Problem
On January 1, 2018, Redwood Co. issued 9% bonds with a face value of $5,400,000 for $5,068,224 to yield 10%. The bonds are dated January 1, 2018, and pay interest annually. What amount is reported as bond discount on the issue date?
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The bonds are dated January 1, 2018, and pay interest annually. What amount is reported as bond discount on the issue date?
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