On January 1 . 2014, Roger Inc issued its 1 . percent bonds in the face amount of $1,500,000 . They mature on January 1 . 2024 . The bonds were issued for $1,329,000 to yield 1 . percent, resulting in bond discount of $171,000 . Roger uses the effective-interest method of amortizing bond discount. Interest is payable July 1 and January 1 . For the six months ended June 30, 2014, Roger should
report bond interest expense of
a. $75,000.
b. $79,740.
c. $83,550.
d. $85,260.
B
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Answer the following statement true (T) or false (F)
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