Kenton Corporation issued $562,000 of 30-year,8 percent bonds at 106 on one of its semi-annual interest dates.The straight-line method of amortization is to be used.After 11 years,what is the carrying value of the bonds?
A) $578,860
B) $579,984
C) $576,050
D) $583,356
Correct Answer:
Verified
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