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Crater Lake Company issued $580,000, 8%, 5-year bonds for 105, with interest paid annually. Assuming straight-lir amortization, what is the carrying value of the bonds

Crater Lake Company issued $580,000, 8%, 5-year bonds for 105, with interest paid annually. Assuming straight-lir amortization, what is the carrying value of the bonds after one year! O $580,000 O $62...

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