Question 13 2.5 pts On July 1, 2019, Rio Corporation issued bonds with a face...
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Question 13 2.5 pts On July 1, 2019, Rio Corporation issued bonds with a face value of $100,000 and 12% interest payable semiannually. The bonds mature on June 30, 2021. The market rate of interest at the time of issuance was 14%, so the bonds were issued at a discount of $7,054. Using the effective interest method, the amount of discount that should be amortized by Rio on December 31, 2019, is O 506.22 0493.75 O 423.21 O 702.35
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