Question
31 Wilson Corp. issued $1,000,000 of 4% bonds on April 30 at par value. The bonds were dated January 1. The company pays interest on
31 Wilson Corp. issued $1,000,000 of 4% bonds on April 30 at par value. The bonds were dated January 1. The company pays interest on June 30 and December 31 each year. How much will the buyer need to pay the company in accrued interest?
| $10,000 |
| $6,667 |
| $13,333 |
| $5,000 |
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Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
