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On January 1, Year 1. Weller Company issued bonds with a $480,000 face value, a stated rate of interest of 8%, and a 10-year term
On January 1, Year 1. Weller Company issued bonds with a $480,000 face value, a stated rate of interest of 8%, and a 10-year term to maturity. Weller uses the effective interest method to amortize bond discounts and premiums. The market rate of interest on the date of Issuance was 6% Interest is paid annually on December 31 Assuming Woller issued the bonds for $447,940, what is the carrying value of the bonds on the December 31, Your 37 (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Multiple Choice $424201 $483456 5-611253 $436,416
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