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Neufeld Company Issued $800,000 of 6%, 5-Year Bonds at 98

Question 150

Multiple Choice

Neufeld Company issued $800,000 of 6%, 5-year bonds at 98, which pays interest annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year?


A) $784,000
B) $785,600
C) $787,200
D) $790,400

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