Question: Current Attemptin Progress On January 1 , Bramble Inc. issued $ 5 0 0 1 0 0 0 , 9 % bonds for $ 4

Current Attemptin Progress On January 1, Bramble Inc. issued $5001000,9% bonds for $4695000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Bramble uses the effective-interest method of amortizing bond discount. At the end of the rst year, Bramble will report a carrying value of the bonds payable of $4725600. $4714410. $286590. $4745010.

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