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Fitness Gym has $700,000 of 20-year bonds payable outstanding. These bonds had a discount of...

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Accounting

Fitness Gym has $700,000 of 20-year bonds payable outstanding. These bonds had a discount of $42,000 at issuance, which was 10 years ago. The company uses the straight-line amortization method. The current carrying amount of these bonds payable is

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