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What is the carrying value of the bonds on december

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Reference no: EM132970045

Problem 1: Blossom Company received proceeds of $660000 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $620000, pay interest annually on December 31, and have a call price of 102. Blossom uses the straight-line method of amortization. What is the carrying value of the bonds on December 31, 2021?

Reference no: EM132970045

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