Question
a company has an investment in 9% bonds with a par value of $100,000 that pay interest on October 1 and April 1. The amount
a company has an investment in 9% bonds with a par value of $100,000 that pay interest on October 1 and April 1. The amount of interest accrued on December 31 (company's year end) would be:
A) $750
B) 1500
C) 2250
D) 4500
E) 9000
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Financial Accounting Theory
Authors: Craig Deegan
2nd Edition
0077126734, 978-0077126735
