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On January 1, 2016. Carrolton Condo Association issued $250,000, 8 percent, 10 year bonds for $219,277. The current rate of interest was 10 percent. Interest

On January 1, 2016. Carrolton Condo Association issued $250,000, 8 percent, 10 year bonds for $219,277. The current rate of interest was 10 percent. Interest is payable in cash on December 31 of each year. Carrolton used the effective interest rate method to amortize bond discount. What is the Carrying Value of the bond at December 31, 2017? $250,000 $221,205 $219,277 $223,325

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