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Harrison Harrison
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6 years ago
On March 1, 2015, Uncontracted Capacity Company (UCC) purchased $20,000 of Utility Service Corporation's 9% bonds at a purchase price of 90. Uncontracted Capacity Company, whose year end is December 31, expects to hold the bonds until their maturity date 5 years from the date of purchase. Interest on the bonds will be paid every March 1 and September 1 until maturity. Assuming that UCC is a private corporation that elects to amortize premium or discounts using straight-line amortization, how much total interest revenue will be recorded by UCC on September 1, 2015?
A) $800
B) $1,100
C) $900
D) $1,200
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
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msayed2004msayed2004
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#1
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6 years ago
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Harrison Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Brownr40
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Yesterday
Smart ... Thanks!
deathwing
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2 hours ago
This helped my grade so much Perfect
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