Question
I know the answer is C. but i don't know how to solve it. Dakota Company issued $700,000 of 6%, 5-year bonds at 98, with
I know the answer is C. but i don't know how to solve it.
Dakota Company issued $700,000 of 6%, 5-year bonds at 98, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year?
a. $686,000
b. $683,200
c. $688,800
d. $697,200
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
