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What is the carrying value of the bond

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Question - A $500,000, 5%, 8-year bond was issued at a discount on January 1. The balance in the Discount on Bonds Payable account is $15,000. What is the carrying value of the bond?

a. $500,000

b. $15,000

c. $515,000

d. $485,000

Reference no: EM132781748

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