Multiple Choice
On January 1,2013,Jacob issued $600,000 of 11%,15-year bonds at a price of 102½.The straight-line method is used to amortize any bond discount or premium and interest is paid semiannually.If all interest has been accounted for properly,what is the carrying value of these bonds on January 1,2019?
A) $472,000
B) $531,076
C) $584,924
D) $609,000
E) $600,000
Correct Answer:
Verified
Correct Answer:
Verified
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