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QUESTION Eagle Company has $400,000 of 5-year bonds payable outstanding. These bonds had a premium of $40,000 at issuance, which was 2 years ago. The

QUESTION

Eagle Company has $400,000 of 5-year bonds payable outstanding. These bonds had a premium of $40,000 at issuance, which was 2 years ago. The company uses the straight-line amortization method.

The current carrying amount of these bonds is:

$400,000
$424,000
$470,000
$460,000
I DON'T KNOW YET

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