Question
A company purchased $126,000 of 6% bonds on May 1 at par value. The bonds pay interest on March 1 and September 1. The amount
A company purchased $126,000 of 6% bonds on May 1 at par value. The bonds pay interest on March 1 and September 1. The amount of interest accrued on December 31 (the company's year-end) would be:
Multiple Choice
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$3,150.
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$3,780.
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$2,520.
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$1,260.
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$6,300.
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Internal Auditing Assurance And Consulting Services
Authors: Kurt Reding, Paul Sobel, Michael Head, Sridhar Ramamoorti, Urton Anderson
2nd Edition
0894136437, 978-0894136436
