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KatharinaR KatharinaR
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5 years ago
Given the following information from an amortization table, compute the effective interest expense and the carrying value for the next line of the table:

2% Cash
Interest1% Effective
InterestPremium
AmortizationCarrying
Value
$800$412$789$38,840

A) Effective Interest $388; Carrying Value $38,428
B) Effective Interest $388; Carrying Value $39,252
C) Effective Interest $412; Carrying Value $38,428
D) Effective Interest $412; Carrying Value $39,252
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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Character is higher than intellect. A great soul will be strong to live as well as think. 

Ralph Waldo Emerson
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JackiRiveraJackiRivera
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5 years ago
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KatharinaR Author
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#2
5 years ago
Such a godsend, you helped me and my friend big time
Character is higher than intellect. A great soul will be strong to live as well as think. 

Ralph Waldo Emerson
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