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Unformatted text preview: (b) Use the effective-interest method of amortization, and prepare the journal entries that Standard Atlantic Shipping would record on January 1, 20X3, June 30, 20X3, and December 31, 20X3. (c) Show how the bonds would appear on Standard Atlantic Shipping's December 31, 20X3 balance sheet....
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11