Multiple Choice
207. Dart Company issued $600,000 of 8%, 5-year bonds at 105, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year?
A) $630,000
B) $627,000
C) $624,000
D) $633,000
Correct Answer:
Verified
Correct Answer:
Verified
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