Question
17 ABC Company issues $465,000 of bonds on January 1, 2021 that pay interest semiannually on June 30 and December 31. A portion of the
17 ABC Company issues $465,000 of bonds on January 1, 2021 that pay interest semiannually on June 30 and December 31. A portion of the bond amortization schedule appears below: Date 01/01/2021 06/30/2021 Pal Interest Expense Change in Carrying Value Carrying Value $377,154 $27,900 17,900 528,287 25,310 $387 377,541 377,957 12/31/2021 Required: What is the original issue price of the bonds? O $377154 $465,000 O $377,541 O $492,900 What is the stated interest rate? 12.0% 150% O 75% 06.0% What is the market interest rate? 0120% 15.0% 75% 06.0% What is the interest expense reported on June 30, 20227 $28,347 $27,900 O $28.380 O $28.316
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