Multiple Choice
On November 1,2009,Davis Company issued $30,000,ten-year,7% bonds for $29,100.The bonds were dated November 1,2009,and interest is payable each November 1 and May 1.How much is the book value of the bonds after the November 1,2010 interest payment was recorded,assuming the straight-line method of amortization is utilized?
A) $29,010
B) $29,100
C) $29,190
D) $29,280
Correct Answer:
Verified
Correct Answer:
Verified
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