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Sheridan Company received proceeds of $641500 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $680000, pay
Sheridan Company received proceeds of $641500 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $680000, pay interest annually on December 31, and have a call price of 103. Sheridan uses the straight- line method of amortization. What is the carrying value of the bonds on January 1, 2021? $680000 $649200 $672300 $645350
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Fundamentals Of Advanced Accounting
Authors: Joe Hoyle
4th Edition
78136636, 978-0078136634
