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  3. a corporation issued $100,000 of 20 year, 6% bonds

A Corporation issued $100,000 of 20 year, 6% bonds at 103 on one of its...

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Accounting

A Corporation issued $100,000 of 20 year, 6% bonds at 103 on one of its semi-annual interest dates. Straight line method of amortization is to be used.

After seven years, what is the carrying value of the bonds?

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