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Ch14: On January 1, 2016, Rothman Co. sold $1,000,000 of its 10% bonds for $885,300 to yield 12%. Interest is payable semiannually on January
Ch14: On January 1, 2016, Rothman Co. sold $1,000,000 of its 10% bonds for $885,300 to yield 12%. Interest is payable semiannually on January 1 and July 1. What amount should Huff report as interest expense for the six months ended June 30, 2016? a. $60,000 b. None of the above c. $44,265 d. $106,236 Oe. $53,118 CLEAR MY CHOICE
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Modern Advanced Accounting In Canada
Authors: Hilton Murray, Herauf Darrell
7th Edition
1259066487, 978-1259066481
