Presented Here Is a Partial Amortization Schedule for Courtney Company

question 174

Multiple Choice

Presented here is a partial amortization schedule for Courtney Company who sold $200,000, five year 10% bonds on January 1, 2010 for $208,000 and uses annual straight-line amortization. Which of the following amounts should be shown in cell (i) ?

• A) $20,800
• B) $21,600
• C) $20,000
• D) $4,000

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