Seipp Corporation issued $500,000 face value bonds at a selling price of 97 percent on...
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Accounting
Seipp Corporation issued $500,000 face value bonds at a selling price of 97 percent on January 1, 2019. The bonds mature in 10 years, have a 4% stated interest rate and pay interest semiannually. What is the amount of discount amortized and recorded on each interest payment date?
- A. $750
- B. $10,000
- C. $1,500
- D. $0
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