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On January 1, 2021, Solo Inc. issued 1,900 of its 10%, $1,000 bonds at 98.0. Interest is payable semiannually on January 1 and July 1.
On January 1, 2021, Solo Inc. issued 1,900 of its 10%, $1,000 bonds at 98.0. Interest is payable semiannually on January 1 and July 1. The bonds mature on January 1, 2031. Solo paid $57,000 in bond issue costs. Solo uses straight-line amortization. What is the carrying value of the bonds reported in the December 31, 2021, balance sheet? Multiple Choice $3,610,000 $1,814,500. O O $3,667,000. O $1,895,800
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