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Where does the december come from

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If instead of issuing the bonds on January 1, 2017, Buchanan dates and sells the bonds on October 1, 2017, and if the fiscal year of the corporation ends on December 31, the discount amortized during 2017 would be only 3/12 of 1/10 of $24,000, or $600.

Question 1: Where does the 3/12 of 1/10 of $24,000 come from. Please explain?

Reference no: EM132575701

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