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Find the carrying value of the bonds immediately

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Question - On January 1, a company issued and sold a $480,000, 5%, 10-year bond payable, and received proceeds of $473,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. Find the carrying value of the bonds immediately after the second interest payment?

Reference no: EM132483984

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