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Carolina McKnight Fitness Gym has $800,000 of 10 -year bonds payable outstanding. These bonds had a discount of $80,000 at issuance, which was 5 years

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Carolina McKnight Fitness Gym has $800,000 of 10 -year bonds payable outstanding. These bonds had a discount of $80,000 at issuance, which was 5 years ago. The company uses the straight-line amortization method. The current carrying amount of these bonds payable is A. $840,000. B. $760,000. C. $720,000. D. $800,000

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