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Garcia Company issued $800,000 of 8%, 5-year bonds at 106, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds

Garcia Company issued $800,000 of 8%, 5-year bonds at 106, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year? Select one: a. $838,400 b. $852,800 c. $843,200 d. $848,000image text in transcribed

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