The Following Partial Amortization Schedule Is Available for Courtney Company

question 148

Multiple Choice

The following partial amortization schedule is available for Courtney Company who sold $500,000, five-year, 10% bonds on January 1, 2014 for $520,000 and uses annual straight-line amortization. Which of the following amounts should be shown in cell (ii) ?

• A) $54,000
• B) $46,000
• C) $52,000
• D) $40,000

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