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Basil Company issued $670,000, 8%, 5-year bonds for 107, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after

Basil Company issued $670,000, 8%, 5-year bonds for 107, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year? O A. $716,900. B. $670,000. O c. $723,600. OD. $707,520

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