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Demonstrate what the december bond carrying value is

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Problem 1: Riedy purchased (on 7/1/21) $1,000,000 of HTM, 8% bonds for $904,000. The bonds mature on January 1, 2029; Straight-line amortization is used. The 12/31/22 bond carrying value is:

Select one:

a. $910,400
b. $916,800
c. $910,000
d. $923,200
e. $897,600

Reference no: EM132687857

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