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On January 1, 2014, Bar Company issued its 10year, 10% semiannual coupon bond with a face value of $7,000,000 when the market rate is 12%.
- On January 1, 2014, Bar Company issued its 10‐year, 10% semiannual coupon bond with a face value of $7,000,000 when the market rate is 12%. What is the carrying amount of the bond at December 31, 2016?Group of answer choices$6,349,351$6,361,074$7,000,000
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
