Question: QUESTION 16 Entity E's balance sheet reveals that it has bonds payable maturing in ten years with a balance of $1,000,000. The discount on bonds

QUESTION 16 Entity E's balance sheet reveals that it has bonds payable maturing in ten years with a balance of $1,000,000. The discount on bonds payable account also has a balance of $40,000. What is the carrying value of the bonds? $960,000 $1,040,000 $1,000,000 need more information

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