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On January 1, 2024, Bear Cove Co. issued its 11% bonds in the face amount of $3,000, which mature on January 1,2034 . The bonds

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On January 1, 2024, Bear Cove Co. issued its 11% bonds in the face amount of $3,000, which mature on January 1,2034 . The bonds were issued for $3,385 to yield 9%. Bear Cove uses the effective interest method of amortizing the bond premium. Interest is payable annually on December 31. The 12/31/24 bond carrying value is approximately. Select one: a. $3,387 b. $3,410 c $3,385 d 53,332 e. 53,360

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