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Hot Press Inc. issues $575,000 of 6%, 8-year bonds for cash proceeds of $653,072. The market interest rate is 4%. Interest is paid semi-annually. To

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Hot Press Inc. issues $575,000 of 6%, 8-year bonds for cash proceeds of $653,072. The market interest rate is 4%. Interest is paid semi-annually. To the nearest dollar, what is the carrying amount of the bonds after the first interest payment? Select one: a. $575,000 b. $640,010 c. $648,883 d. $657,260 At the end of Year 2, DD Co. had 2 products of hockey sticks in inventory at the following costs: Whippy Whip- $5,000 and Rock Solid - $6,200. After the end of the season and some negative reviews regarding the Rock Solid stick, DD Co. investigated what the NRV (net realizable value) of their products were. They discovered that for their remaining inventory they could realize $6,500 for the Whippy Whip and $2,500 for the Rock Solid. At what amount should the inventory be reported on the December 31, 2018 statement of financial position? Select one: a. $11,200 b. $7,500 C. $9,000 d. $12,700

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