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On January 1, Year 1, Pierce Corporation issued $25,000 in 8%, 5-year bonds payable at 102. Interest payments are due each December 31. Pierce uses the straight-line method to amortize bond discounts and premiums.
-Which of the following shows the effect of the interest payment and amortization on December 31,Year 1?
[The following information applies to the questions displayed below.] On January 1, Year 1, Pierce Corporation issued $25,000 in 8%, 5-year bonds payable at 102. Interest payments are due each December 31. Pierce uses the straight-line method to amortize bond discounts and premiums. -Which of the following shows the effect of the interest payment and amortization on December 31,Year 1?    A)  Option A B)  Option B C)  Option C D)  Option D


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