A company issued 5-year, 7% bonds with a par value of $300,000. The market rate when the bonds were issued was 6.5%. The company received $306,317 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is:
A. $9868.30.
B. $10,887.48.
C. $21,000.00.
D. $19,907.48.
E. $10,500.00.
Answer: A
You might also like to view...
Which of the items listed below is not one of the psychological preferences of the MBTI?
a. Extraversion b. Notion c. Thinking d. Judging
The function that takes in orders, checks stock for availability, and prints tickets for warehouse workers to reference as they select products from warehouse locations occurs during which stage of the order cycle?
A. filling order B. processing order C. delivering order D. placing order E. acknowledging order
The c-chart is useful when we
A) take a number of measurements and compute the average. B) take a number of measurements and compute the ranges. C) find the fraction of the production lot defective. D) find the number of defective items in a production lot. E) None of the above
Jhon Harris an accountant is injured while moving his computer desk from one position the office to another
a. Whether or not workers compensation applies to this situation depends on the office policy regarding moving office furniture. b. This is a violation of Title VII of the Civil Rights Act. c. Workers compensation would cover the employee's injury. d. As moving furniture is not part of an accountant job Jhon' s will not be elgible for workers compensation.