FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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A company issues $14900000, 5.8%, 20-year bonds to yield 6% on January 1, 2019. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14555590. Using straight-line amortization, what is the carrying value of the bonds on December 31, 2021?
$14607252
$14612282
$14584984
$14815076
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