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Neufeld Company issued $2,000,000 of 6%, 5-year bonds at 98, which pay interest annually. Assuming straight-line amortization, what is the carrying value of the bonds

Neufeld Company issued $2,000,000 of 6%, 5-year bonds at 98, which pay interest annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year?

A.$1,964,000

B.$1,968,000

C.$1,960,000

D.$1,976,000

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