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On January 1, 2022, Sherrie's Snowboards received $36,000 when it issued bonds. When the bonds...

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Accounting

On January 1, 2022, Sherrie's Snowboards received $36,000 when it issued bonds. When the bonds mature in four years, Sema's Skateboarding will pay bondholders a face amount of $50,000. Based on this information, the bonds were issued at a:

Select one:

a. $14,000 premium

b. $7,000 premium

c. $7,000 discount

d. $14,000 discount

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