Question: Multiple Choice Question Burrows, Inc. issued 2 0 0 , 3 - year, 5 % , $ 1 , 0 0 0 bonds that pay

Multiple Choice Question
Burrows, Inc. issued 200,3-year, 5%,$1,000 bonds that pay interest annually for $194,652 when the market rate of interest was 6%. The carrying value of the bond will be $194,652 after the 1st interest payment using the effective -interest method of amortization.
less than
equal to
greater than
Multiple Choice Question Burrows, Inc. issued 2 0

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