Bonds payable is amortized using effective-interest method

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Reference no: EM13908869

Sasha Corporation issued $400,000 face value, ten-year, 10% bonds on January 1, 2017, for $453,680. The bonds pay interest annually on January 1 and the effective interest rate is 8%. Assuming that the premium on bonds payable is amortized using the effective-interest method, Sasha should report premium on bonds payable on its December 31, 2017, balance sheet of:

$_______________.

Reference no: EM13908869

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Bonds payable is amortized using effective-interest method : Sasha Corporation issued $400,000 face value, ten-year, 10% bonds on January 1, 2017, for $453,680. The bonds pay interest annually on January 1 and the effective interest rate is 8%. Assuming that the premium on bonds payable is amortized using the ..

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