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Home Q & A Board Other Fields Homework Help Business Accounting
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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, 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
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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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leelleel
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5 years ago
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KatharinaR Author
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5 years ago
This helped my grade so much Perfect
Chaldoren
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Yesterday
Thanks for your help!!
MLynneMcMillan
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2 hours ago
Thanks
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