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KatharinaR KatharinaR
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5 years ago
On July 1, 2016, Sharon Equipment Dealer issued $520,000 of 7% bonds payable that mature in five years.  These bonds were issued at face value and pay interest each June 30 and December 31. Each semiannual interest payment will be higher than the amount of cash paid to the bondholders.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
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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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jmendozajmendoza
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5 years ago
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