ridzrana02
ridzrana02
22.07.2020 • 
Business

Cullumber Company received proceeds of $551000 on 10-year, 9% bonds issued on January 1, 2019. The bonds had a face value of $584000, pay interest annually on December 31, and have a call price of 104. Cullumber uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2021

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