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What the carrying value of the bond to be recorded

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Reference no: EM133005900

Problem 1: On July1, 2020 Banya Company issued $5,000,000, 10%, 8-year bonds at 105. Assuming straight-line amortization method is used and semi-annual interest payments are on July1 and January1, the carrying value of the bond to be recorded in the Statement of Financial Position on December 31, 2020 is?

Select one:

a. $5,265,625
b. $5,218,750
c. $5,234,375
d. $5,250,000

Reference no: EM133005900

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