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Compute the bond carrying value as of december

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Question - The Scotia Company issues $100,000, 10% bonds at 102 on April 1, 2010. The bonds are dated January 1, 2010 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, 2017.

Reference no: EM132350034

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