Q 1423 The Ryan Company issues $20,000,000, 78, 20year bonds to yield 8 on January 1, 2020 Interest is paid on June 30 and December 31 The proceeds from the bonds are $19,604,144 Using straightline amortization, the carrying value of the bonds on December 31, 2022 is

Answer rating: 100% (QA)

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