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What is the carrying value of the bonds after one year

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Question - Gacia Company issued $600,000 of 8%, 5-year bonds at 106, with interest paid annually. Asuming straight-line amortization, what is the carrying value of the bonds after one year?

A) $636,000

B) $632,400

C) $628,800

D) $639,600

Reference no: EM131796175

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