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Question 1 Incorrect Mark 0.00 out of 1.00 On October 1, 20x1, Moray Ltd. purchased 470 the $1,000 face value, 9.5% bonds of Eel Ltd.
Question 1 Incorrect Mark 0.00 out of 1.00 On October 1, 20x1, Moray Ltd. purchased 470 the $1,000 face value, 9.5% bonds of Eel Ltd. for $573452, including accrued interest of $8896. The bonds, which mature on January 1, 20x8, pay interest semi-annually on January 1 and July 1. Moray used the straight-line method of amortization and appropriately recorded the bonds as long-term. On Moray's December 31, 20x2 balance sheet, the carrying value of the bonds would be Select one: 0 a. $545645 Flag question b. $552762 c. $564556 d. $470000 x Your answer is incorrect. The correct answer is: $545645
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