Austin Powers Corporation issued 10-year bonds on January 1, 2008. Costs associated with the bond issuance were

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Austin Powers Corporation issued 10-year bonds on January 1, 2008. Costs associated with the bond issuance were $180,000. Powers uses the straight-line method to amortize bond issue costs. Prepare the December 31, 2008, entry to record 2008 bond issue cost amortization.

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Intermediate Accounting

ISBN: 9780471448969

11th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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