Solved: Winrow uses the straight-line method of amortization what, Accounting Basics

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Winrow uses the straight-line method of amortization what

Question - Winrow Company received proceeds of $754,000 on 10-year, 8% bonds issued on January 1, 2016. The bonds had a face value of $800,000, pay interest annually on December 31st, and have a call price of 101. Winrow uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2018?

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Accounting Basics: Winrow uses the straight-line method of amortization what

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Accounting Basics: Winrow uses the straight-line method of amortization what

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