Question: On January 1 , 2 0 2 2 , Kiffin Inc. issues a 1 0 0 $ 1 0 0 0 ( $ 1 0

On January 1,2022, Kiffin Inc. issues a 100 $1000($100,000 total face value),5 year, 6% coupon bonds at 104. The interest is paid each year on December 31. At issuance on Jan 1st, what is the carrying amount of the Bond on Kiffin's balance sheet?

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