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Parrish Industries has bonds outstanding (originally sold for $4,400,000) in the amount of $4,600,000 with a current bond discount of $200,000. The bonds were selling
Parrish Industries has bonds outstanding (originally sold for $4,400,000) in the amount of $4,600,000 with a current bond discount of $200,000. The bonds were selling at 104 on the market at its year end. At what value should it report these bonds on its balance sheet at year end?
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