Bonds with a stated interest rate of 9% and a face value totaling $612,000 were issued for

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Bonds with a stated interest rate of 9% and a face value totaling $612,000 were issued for $636,480 on January 1, when the market interest rate was 8%. The company uses effective-interest bond amortization.

Determine the carrying value of the bonds at December 31, (Round your answer to nearest whole dollar.)

Posted Date: Jul 10, 2024 11:10 AM

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Bonds with a stated interest rate of 9% and a face value totaling $612,000 were issued for

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