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  3. premium on bonds payable ($54,000 / 10 * 1) = $5,4

Premium on Bonds Payable ($54,000 / 10 * 1) = $5,400. Could you please explaing...

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Accounting

Premium on Bonds Payable ($54,000 / 10 * 1) = $5,400. Could you please explaing why you divide by 10 and multiply with 1

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