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Question 27 (1 point) On January 1, 2021, Solo Inc. issued 1,000 of its 8%, $1,000...

Question 27 (1 point) On January 1, 2021, Solo Inc. issued 1,000 of its 8%, $1,000 bonds at 98. Interest is payable semiannua

Question 27 (1 point) On January 1, 2021, Solo Inc. issued 1,000 of its 8%, $1,000 bonds at 98. Interest is payable semiannually on January 1 and July 1. The bonds mature on January 1, 2031. Solo paid $50,000 in bond issue costs. Solo uses straight-line amortization. What is the carrying value of the bonds reported in the December 31, 2021, balance sheet? $987,000. $1,040,000. $1,045,000. $937,000.
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