The current carrying value of Kane's $800,000 face value bonds is $797,000.If the bonds are retired at 103, what would be the amount Kane would pay its bondholders?

Name: The current carrying value of Kane's $800,000 face value bonds is $797,000.If the bonds are retired at 103, what would be the amount Kane would pay its bondholders?
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The bonds are retired at 103, meaning Kane would pay 103% of the face value. Therefore, the amount paid is 103% of $800,000, which is $824,000.

The Current Carrying Value of Kane's $800,000 Face Value Bonds