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How much is the carrying amount of the bonds on entity a

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On January 1, 201x5 Entity A acquires a 5-year, 5% 1,000,0000 face amount bonds for 957,876 and classifies them as available for sale financial assets. The issuer pays annual interest every december 31. the effective interest rate is 6% On december 31, 20x1, thw bonds have a fair value of 980,000

Problem 1: How much is the carrying amount of the bonds on Entity A's December 31, 20x1 statement of financial position?

a. 980,000
b. 957,867
c. 973, 270

Reference no: EM132811378

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