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Other Fields Homework Help Accounting Topic started by: KatharinaR on Jul 22, 2018



Title: Given the following information from an amortization table, compute the effective interest expense, ...
Post by: KatharinaR on Jul 22, 2018
Given the following information from an amortization table, compute the effective interest expense, discount amortization, and the carrying value for the next line of the table:

6% Cash
Interest7% Effective
InterestDiscount
AmortizationCarrying
Value
$42,000$47,340$5340$681,630

A) Effective Interest $47,340; Discount Amortization $5340; Carrying Value $676,290
B) Effective Interest $47,714; Discount Amortization $5714; Carrying Value $687,344
C) Effective Interest $47,714; Discount Amortization $5340; Carrying Value $676,290
D) Effective Interest $47,340; Discount Amortization $5340; Carrying Value $681,630


Title: Given the following information from an amortization table, compute the effective interest expense, ...
Post by: leel on Jul 22, 2018
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