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Thank you. Question 7 0.83 pts Joffrey Ballet Corp. sold $3,000,000, 10%, 10-year bonds on January 1, 2002. The bonds were dated January 1 and
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Question 7 0.83 pts Joffrey Ballet Corp. sold $3,000,000, 10%, 10-year bonds on January 1, 2002. The bonds were dated January 1 and pay interest July 1 and January 1. Joffrey Ballet Corp. uses the straight-line method to amortize bond premium or discount. The bonds were sold at 104. What is the carrying value of these bonds at 12/31/2002? $3,120,000 $3,000,000 $3.108.000 $3,114,000Step by Step Solution
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