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Crystal Glassware Company issues $1,042,000 of its 14%,10-year bonds at 97 on February 28,2019.The bonds pay interest on February 28 and August 31.Assume that Crystal uses the straight-line method for amortization.What net amount will be reported for the bonds on the August 31,2019 balance sheet?
Volume Variance
An assessment of the impact of production or sales volume differences on a company's revenue or expenses, relative to budgeted amounts.
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