A company issues $ 25150000, 5.8%, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $ 24568662. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2020 balance sheet? (Round answer to 0 decimal place, e.g. 52.) $ 24599916 $ 25150000 $ 24584313 $ 24576370

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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A company issues $ 25150000, 5.8%, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $ 24568662. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2020 balance sheet(Round answer to 0 decimal place, e.g. 52.)

$ 24599916

$ 25150000

$ 24584313

$ 24576370

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