Multiple Choice
On January 2,2014,Mahoney Sales issued $10,000 in bonds for $9,400.They were 5-year bonds with a stated rate of 4%,and pay semiannual interest payments.Mahoney Sales uses the straight-line method to amortize the bond discount.After the first interest payment on June 30,2014,what was the bond carrying amount?
A) $10,000
B) $9,400
C) $9,460
D) $9,880
Correct Answer:
Verified
Correct Answer:
Verified
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