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14. Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2011. They have a ten year tem and pay interest semiannually. This is the
14. Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2011. They have a ten year tem and pay interest semiannually. This is the partial bond amortization schedule for the bonds. PaymentCashEffective Decrease in Outstanding InterestBal ance Balance 400,000344,632 400,000342.971 400000341.261 400,000 11.487,747 55,368 11432 379 57,029 11.375,350 8.73911316.611 What would be the total interest expense recognized for the bond issue over its full term? A. S6,512,253 B. $11,487,747 C. S11,256,109 D. $8,000,000
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