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Che Required information The following information applies to the questions displayed below.) On January 1 Year 1. Weller Company issued bonds with a $350,000 face
Che Required information The following information applies to the questions displayed below.) On January 1 Year 1. Weller Company issued bonds with a $350,000 face value. a stated rate of interest of 10,00%, and a 10 year term to maturity. Weller uses the effective interest method to amortize bond discounts and premiums. The market rate of interest on the date of issuance was 8.00%. Interest is paid annually on December 31. Assuming Weller issued the bonds for $377,840, what is the carrying value of the bonds on the December 31, Year 37 (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Multiple Choice $385,000 $267.912 $362,345 5373,067 O
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