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Garland Company received proceeds of $225600 on 10-year, 6% bonds issued on January 1, 2018. The bonds had a face value of $240000, pay interest

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Garland Company received proceeds of $225600 on 10-year, 6% bonds issued on January 1, 2018. The bonds had a face value of $240000, pay interest annually on January 1, and have a call price of 101. Garland uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2020? O $228480 O $227040 O $240000 O $236832

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