Question
Anthropology Corp. issued 6-year, 8% bonds with a face value of $850,000 on October 1, 2021. The bonds are dated October 1, 2021. Interest
Anthropology Corp. issued 6-year, 8% bonds with a face value of $850,000 on October 1, 2021. The bonds are dated October 1, 2021. Interest is paid semi-annually on Aptil 1 and October 1. The market rate of interest at issuance is 6%. This fiscal year end is Nocember 30th. The company uses the straight-line amortization method. What amount of interest expense is reported in the fiscal year ending in November 2021? When typing your answer do not use commas, decimal points, or dollar signs. Round to the nearest dollar. QUESTION 7 On January 1, 2014. Rogers Corp. issued its 10% bonds in the face amount of $6,000,000, which mature on January 1, 2024. The bonds were issued for $6.810,000 to yield 8% resulting in bond premium of $810,000. Rogers Corp. uses the effective interest method of amortizing bond premium. Interest is payable annually on December 31. At December 31, 2014, Rogers Corp.'s adjusted unamortized bond premium should be O $810,000. $754.800. $729,000. $609,000.
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