Dakota company issued 700000 of 6 5-year bonds at 98 with
Question - Dakota Company issued $700,000 of 6%, 5-year bonds at 98, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year?
a. $686,000
b. $683,200
c. $688,800
d. $697,200
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