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The Cinci Company issues $100,000, 10% bonds at 105 on September 1, 2020.The bonds are dated January 1, 2020 and mature ten years from that
The Cinci Company issues $100,000, 10% bonds at 105 on September 1, 2020.The bonds are dated January 1, 2020 and mature ten years from that date.Straight-line amortization is used.Interest is paid annually each December 31.Compute the bond carrying value as of December 31, 2027.
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$_______________
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