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What is the carrying value of the bonds on January

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Problem - 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. What is the carrying value of the bonds on January 1, 2015?

Reference no: EM132451492

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