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Discounters, Inc. issued $50,000, 4-year, 6% bonds that pay interest annually on January 1 when the going market interest rate was 7%. On the issue date, the carrying value of bonds, net of discount or including premium, rounded to the nearest $1, is ______.

1 Answer

5 votes

Answer:

$48,307

Step-by-step explanation:

The carrying value is the value of the bond plus any unamortized premiums or less any unamortized discounts.

User Tyler Benzing
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