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Business, 20.10.2021 22:40 Samuelgamboe

Webster Company issues $1,000,000 face value, 6%, 5-year bonds payable on December 31, Year 1. Interest is paid semiannually each June 30 and December 31. The bonds sell at a price of 97; Webster uses the straight-line method of amortizing bond discount or premium. The carrying value of this liability in Webster Company's balance sheet at December 31, Year 2, is: Multiple Choice

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