On December 31,20A,Dive Company sold $100,000,ten-year,8% bonds at 104.5.The bonds were dated January 1,20A,and interest is payable each June 30 and December 31.The company uses the straight-line amortization method.The company should report the long-term liability (carrying value) for the bonds on the December 31,20A,statement of financial position as which of the following?
A) $100,000
B) $103,400
C) $104,000
D) $104,500
Correct Answer:
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