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On january 1, a 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. the carrying value of the bonds immediately after the second interest payment is:
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On january 1, a company issued and sold a $400,000, 7%, 10-year bond payable, and received proceeds...
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