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