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On January 1, 2018, Solo Inc. issued 1,000 of its 8%, $1,000 bonds at 98, Interest is payable semiannually on January 1 and July 1.

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On January 1, 2018, Solo Inc. issued 1,000 of its 8%, $1,000 bonds at 98, Interest is payable semiannually on January 1 and July 1. The bonds mature on January 1, 2028. Solo uses straight-line amortization What is the carrying value of the bonds reported in the December 31, 2018, balance sheet? Select one: A. $937,000. B. $1,045,000. C. $978,000 D. $

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