Question
ABC Company issues $510,000 of bonds on January 1, 2021 that pay interest semiannually on June 30 and December 31. A portion of the bond
ABC Company issues $510,000 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 12/31/2021 Cash Paid Interest Expense Change in Carrying Value Carrying Value $564,455 $20,400 20,400 $19,756 19,733 $-644 563,811 -667 563,144 What is the interest expense reported on June 30, 2022? O $19,710 O $20,400 O $19,686 O $19,733 What is the cash flow from operating activities from this bond in 2021? O $40,800 outflow $39,489 outflow $564,455 inflow O $523,655 inflow
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