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Posted on Jul 18, 2024

Gopher Company issued a $ 5 0 0 , 0 0 0 , 5 % , 1 0 - year bond for 1 0 2

Gopher Company issued a $

500, 000, 5 %, 10 -

year bond for

102,

with interest paid annually. Assuming Straight

-

line amortization. What is the carrying value of the bonds after one year?

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