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5. On January 2, 2016, Concrete Master Construction, Inc. issued $500,000, 10-year bonds for $574,540....

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Accounting

5. On January 2, 2016, Concrete Master Construction, Inc. issued $500,000, 10-year bonds for $574,540. The bonds pay interest on June 30 and December 31. The face rate is 8% and the market rate is 6%. What is the carrying value of the bonds after the first interest payment is made on June 30, 2016? a. $574,540 b. $571,776 c. $568,920 d. $500,000

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