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On January 1, Fozzi, Inc. issues $100,000 par value, 10% bonds maturing in 10 years...

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Accounting

On January 1, Fozzi, Inc. issues $100,000 par value, 10% bonds maturing in 10 years to yield 12% per year, compounded annually.
The bonds payable on the balance sheet (net of any bond discount or premium) at the end of Year 2 is

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