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Basil Company issued $660,000, 8%, 5- year bonds for 105, with interest paid annually. Assuming...

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Accounting

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Basil Company issued $660,000, 8%, 5- year bonds for 105, with interest paid annually. Assuming straight- line amortization, what is the carrying value of the bonds after one year? A. $660,000 O B. S712,800 OC. $686,400 O D. $693,000

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