(The following information appves to the questions oprayeu Deo On January 1, 2017, Shay issues...
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(The following information appves to the questions oprayeu Deo On January 1, 2017, Shay issues $430,000 of 8%, 15-year bonds at a price of 97.00. Six years later, on January 1, 2023, Shay retires 25% of these bonds by buying them on the open market at 104.75. All interest is accounted for and paid through December 31, 2022, the day before the purchase. The straight-line method is used to amortize any bond discount. Book Hint Exercise 10-9 Part 4 Print rences 4. What is the carrying (book) value of the bonds and the carrying value of the 25% soon-to-be-retired bonds as of the close of business on December 31, 2022? Entire Retired 25% Group Par value Remaining discount Carrying value
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