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Compute what is carrying value of the bond on january

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Reference no: EM132775659

Problem 1: A $500,000, 5%, 8-year bond was issued at a discount on January 1. The balance in the Discount on Bonds Payable account is $15,000. What is the carrying value of the bond?

a. $500,000
b. $15,000
c. $515,000
d. $485,000

Reference no: EM132775659

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