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Ring Inc. bonds payable account balance is $800,000. The balance in the premium on bonds account is $10,000. What is the carrying value of
Ring Inc. bonds payable account balance is $800,000. The balance in the premium on bonds account is $10,000. What is the carrying value of these bonds? Select one: a. $800,000 O b. $790,000 O c. $810,000 O d. $805,000 If the market rate at the time bonds are issued is greater than the bond contractual rate the bonds will sell at ? Select one: a. Discount O b. Premium . Face value Bonds selling at a premim are selling for more than face value. Select one: O True False
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