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Kaleidoscope Paint On January 1, 2019, this company issued $500,000, 10-year, 9% bonds for $480,745. The bonds pay interest on June 30 and December 31.
Kaleidoscope Paint On January 1, 2019, this company issued $500,000, 10-year, 9% bonds for $480,745. The bonds pay interest on June 30 and December 31. The market rate is 10%. The company plans to use the effective interest method of amortizing bond discounts and premiums. Refer to Kaleidoscope Paint. What is the carrying value of the bonds on the maturity date? a $19,255 b. $480,745 c. $500,000 d. $0
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