On January 1,2017,Taggart Sales issued $16,000 in bonds for $19,800.These are eight-year bonds with a stated interest rate of 10% that pay semiannual interest.Taggart Sales uses the straight-line method to amortize the bond premium.After the first interest payment on June 30,2017,what is the bond carrying amount?
A) $19,800
B) $19,562
C) $16,238
D) $16,000
Correct Answer:
Verified
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