Question: On Jan 1 , 2 0 2 5 , Kingbird Company purchased 1 0 % bomds having maturity value of $ 3 4 0 0

On Jan 1,2025, Kingbird Company purchased 10% bomds having maturity value of $340000 for $367149.34. The bonds provide the bondholders with a 8% yield. They are dated Jan 1,2025, and mature Jan 1,2030, with interest received on Jan 1 of each year. Kingbird Company uses the effective-interest method to allocate unamortized disc or prem.

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