Multiple Choice
On January 1, Sewell Corporation issues $3,000,000, 5-year, 12% bonds at 96 with interest payable on January 1.What is the carrying value of the bonds at the end of the third interest period?
A) $2,952,000
B) $2,928,000
C) $2,832,000
D) $2,784,000
Correct Answer:
Verified
Correct Answer:
Verified
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