Carrying value of the bonds after one year


Gacia Company issued $600,000 of 8%,5-year bonds at 106,with interest paid annually.Asuming straight-line amortization, what is the carrying value of the bonds after one year ?

A)$636,000

B)$632,400

C)$628,800

D)$639,600

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Accounting Basics: Carrying value of the bonds after one year
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