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McSteamyCompany issued bonds $293,000 of 5 year, 9 percent bonds on January 1, 2018, at 96. interest is payable in cash annually on December 31.
McSteamyCompany issued bonds $293,000 of 5 year, 9 percent bonds on January 1, 2018, at 96. interest is payable in cash annually on December 31. The straight-line method is used for amortization. What is the carrying value of the bond on December 31, 2018? |
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