Question: Ava, Inc., issued 8% bonds, dated January 1, with a face amount of $373900 on January 1, 2019 for an issue price of 92. The

Ava, Inc., issued 8% bonds, dated January 1, with a face amount of $373900 on January 1, 2019 for an issue price of 92. The bonds mature in 10 years. For bonds of similar risk and maturity the market yield is 10%. Interest is paid annually on December 31.

Ava uses the effective interest method to amortize the discount on the bond.

What is the carrying value of the bond on December 31,2019?

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