The Tarrago Company issues $517,000 of 11%, 10-year bonds at 104 on March 31, 2017
The bond pays interest on March 31 and September 30. Assume that the company uses the straight-line method for amortization. Calculate the net balance that will be reported for the bonds on the September 30, 2017 balance sheet.
A) $517,000
B) $537,680
C) $536,646
D) $538,714
C .
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