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On January 1,2016,Pierce Corporation issued $25,000 in 8%,5-year bonds payable at 102.Interest payments are due each December 31.Potter uses the straight-line method of amortization.
-On January 1,2017,Pierce Corporation called the bonds payable at a price of $25,450.Which of the following answers shows the effect of this transaction on the financial statements?

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On January 1,2016,Pierce Corporation issued $25,000 in 8%,5-year bonds payable at 102.Interest payments are due each December 31.Potter uses the straight-line method of amortization.
-On January 1,2017,Pierce Corporation called the bonds payable at a price of $25,450.Which of the following answers shows the effect of this transaction on the financial statements?

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On January 1,2016,Pierce Corporation issued $25,000 in 8%,5-year bonds payable at 102.Interest payments are due each December 31.Potter uses the straight-line method of amortization.
-On January 1,2017,Pierce Corporation called the bonds payable at a price of $25,450.Which of the following answers shows the effect of this transaction on the financial statements?

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