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What is the carrying value of the note

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Question - On June 1, 2018, Dirty Harry Co. borrowed cash by issuing a 6-month noninterest-bearing note with a maturity value of $530,000 and a discount rate of 8%. Assuming straight-line amortization of the discount, what is the carrying value of the note as of September 30, 2018?

a. $508,800.

b. $565,333.

c. $494,667.

d. $522,933.

Reference no: EM132604589

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