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What is the carrying amount of the bonds today

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Question - Five years ago, Ella's issued 10-year $1,000,000 bonds. At issuance, the bonds had a discount of $80,000. Ella's uses the straight line method of amortization. What is the carrying amount of the bonds today (after five full years)?

A. $960,000

B. $1,040,000

C. $920,000

D. $1,000,000

E. None of the other alternatives are correct

Reference no: EM132593819

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