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Beltran Company issued $325,000, 6%, five-year bonds for 109 with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after
Beltran Company issued $325,000, 6%, five-year bonds for 109 with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year?
A. $348,400
B. $354,250
C. $360,100
D. $351,325
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