What is the carrying value of these bonds

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Reference no: EM13908836

On January 1, 2013, Jacob issued $600,000 of 11%, 15-year bonds at a price of 102½. The straight-line method is used to amortize any bond discount or premium and interest is paid semi annually. If all interest has been accounted for properly, what is the carrying value of these bonds on January 1, 2019? $472,000 $531,076 $584,924 $609,000 $600,000

Reference no: EM13908836

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What is the carrying value of these bonds : On January 1, 2013, Jacob issued $600,000 of 11%, 15-year bonds at a price of 102½. The straight-line method is used to amortize any bond discount or premium and interest is paid semi annually. If all interest has been accounted for properly, what is..

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