Flounder Inc Use the information provided for Flounder Inc to answer the question(s) using the effective interest method. On January 1, 2012, Flounder Inc issued $800,000, 10-year, 9% bonds for $662,356. The bonds pay interest on June 30 and December 31. The market rate is 12%. Refer to the information provided for Flounder Inc What is the carrying value of the bonds at the end of the ten years
before the final maturity payment is made?
A) $800,000
B) $662,356
C) $137,643
D) $0
A
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