On January 1, 2017, Taggart Sales issued $16,000 in bonds for $19,800

These are eight-year bonds with a stated interest rate of 10% that pay semiannual interest. Taggart Sales uses the straight-line method to amortize the bond premium. After the first interest payment on June 30, 2017, what is the bond carrying amount?
A) $19,800
B) $19,562
C) $16,238
D) $16,000


B .

Business

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