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Carly Corporation issued $300,000 of 30-year, 8% bonds at 106 on January 1, 2016. Interest...

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Accounting

Carly Corporation issued $300,000 of 30-year, 8% bonds at 106 on January 1, 2016. Interest is payable semiannually on June 30th and December 31st. The straight-line method of amortization is to be used. After 11 interest payments have been made, what is the carrying value of the bonds?

Select one: a. $306,600 b. $311,400 c. $303,300 d. $314,700 e. $315,800

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