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Compute the carrying value of the bonds immediately

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Question - On January 1, Kovar Company issued and sold a $400,000, 7%, 10 year bond payable, and received proceeds of $396,000. Interest is payable each June 30 and December 31. The company uses the straight line method to amortize the discount. Compute the carrying value of the bonds immediately after the second interest payment?

Reference no: EM132195459

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