On January 2, Year 1, Kampal Sushi Bar sold $800,000 of bonds for $785,000. The bonds will mature in 10 years and pay interest annually on December 31. The company property recorded the payment of interest and the amortization of the discount using the effective Interest method. What will be the carrying value of the bonds at the end of Year 12 Os less than 5785.000 Ob. 5785.000 De 100.000 Od greater than 5785,000, but less than $800,000 Allability must be recognized when a business is required to transfer assets or provide services to another entity at some point in the future for activities that have already occurred. True False