84. A company issues $25,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2024. Interest is paid on June 30 and December 31. The proceeds from the bonds are $24,505,201. If the straight-line method of amortization is used, what is the carrying value of the bonds on December 31, 2026 after interest has been recorded? a. $24,587,790 b. $24,925,780 c. $24,545,290 d. $24,554,681 Ans: D, LO: 1, Bloom: AP, Difficulty: Moderate, Min: 3, AACSB: Knowledge, AICPA BC: None, AICPA AC: Measurement Analysis and Interpretation, AICPA PC: None, IMA: Reporting & Control: Financial Recordkeeping, IFRS: None Solution: $24,505,201 + ($494,799 x 4/20) = $24,554,681.