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What will be the carrying value of the bonds

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Reference no: EM132919132

Question - You issue $1,000,000, 10 year, 10% bonds and receive total proceeds of $1,100,000 from investors (creditors). Assuming straight-line amortization of the discount, what will be the carrying value of the bonds at the end of year 1?

A. $0

B. $9,000

C. $1,109,000

D. $991,000

E. None of the above

Reference no: EM132919132

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