Knollwood Corporation issued $278,000 of 30-year,8 percent bonds at 106 on one of its semiannual interest dates.The straight-line method of amortization is to be used.After 11 years,what is the carrying value of the bonds?
A) $286,340
B) $286,896
C) $284,950
D) $288,564
Correct Answer:
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