Sparks company received proceeds of 423000 on 10-year 8

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Sparks Company received proceeds of $423,000 on 10-year, 8% bonds issued on January 1, 2013. The bonds had a face value of $400,000, pay interest annually on December 31st, and have a call price of 102. Sparks uses the straight-line method of amortization. a What is the carrying value of the bonds on January 1, 2015?

Reference no: EM13578698

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