67. A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2012. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14,703,109. Using effective-interest amortization, how much interest expense will be recognized in 2012? a. $585,000 b. $1,170,000 c. $1,176,374 d. $1,176,249 68. A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2012. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14,703,109. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2012 balance sheet? a. $14,709,482 b. $15,000,000 c. $14,718,844 d. $14,706,232 69. A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2011. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14,703,109. Using straight-line amortization, what is the carrying value of the bonds on December 31, 2013? a. $14,752,673 b. $14,955,466 c. $14,725,375 d. $14,747,642 70. A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2012. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14,703,109. What is interest expense for 2013, using straight-line amortization? a. $1,540,207 b. $1,170,000 c. $1,176,894 d. $1,184,845 I know the answer but I dont know why 67. c ($14,703,109 .04) + 14,706,233 .04) = $1,176,374. 68. a $14,703,109 + [($14,703,109 .04) $585,000] + [$14,706,233 .04) $585,000] = $14,709,482. 69. d $14,703,109 + ($296,891 3/20) = $14,747,642. 70. d ($15,000,000 .078) + ($296,891 20) = $1,184,845. for #67 what is 14,706,233 come from? for #68 what is 14,706,233 come from? for #69 what is 296,891 come from For #70 $296,891 what is this come from thanks