Multiple Choice
On January 1, Sewell Corporation issues $2,000,000, 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) $1,968,000
B) $1,952,000
C) $1,888,000
D) $1,856,000
Correct Answer:
Verified
Correct Answer:
Verified
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