If the Bonds Payable account has a balance of $900,000 and the Discount on Bonds Payable account

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If the Bonds Payable account has a balance of $900,000 and the Discount on Bonds Payable account has a balance of $40,000, what is the carrying value of the bonds?

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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Dec 27, 2011 08:09 AM

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If the Bonds Payable account has a balance of $900,000 and the Discount on Bonds Payable account

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The Carrying value of the bond is nothing the present value of the bond at shown balance sh...View the full answer

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