On January 1, 2010, Flounder Inc. issued $600,000, 10-year, 5% bonds for $565,200. The bonds pay interest

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On January 1, 2010, Flounder Inc. issued $600,000, 10-year, 5% bonds for $565,200. The bonds pay interest on December 31. The market rate is 6%.

What is the carrying value of the bonds after the SECOND interest payment is made on December 31, 2011?

a. $568,593

b. $573,259

c. $569,112

d. $600,000

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Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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Posted Date: Mar 27, 2022 07:21 AM

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On January 1, 2010, Flounder Inc. issued $600,000, 10-year, 5% bonds for $565,200. The bonds pay interest

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Face value of Bonds 600000 Less Issue Price 565200 Discount on Bonds 34800 Issu... View the full answer

Cost Accounting

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