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What is the amount of premium amortization

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Question - On January 1, 2018, Moss Company acquires $500,000 of Adam Company's 10-year bonds at a price of $532,090 to yield 9%. Interest is payable each December 31. The bonds are classified as held-to-maturity. Assuming that Moss uses the straight-line method of amortization, what is the amount of premium amortization that would be recognized in 2019 related to these bonds?

Reference no: EM132190765

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