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What is the carrying value of the bonds on December

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Question - Sheridan Company received proceeds of $812000 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $770000, pay interest annually on December 31, and have a call price of 106. Sheridan uses the straight-line method of amortization. What is the carrying value of the bonds on December 31, 2021?

a. $770000

b. $803600

c. $736400

d. 1$807800

Reference no: EM132755584

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