Question
D Question 21 1 pts On July 1, 2009 a semi-annual $800,000 5 year bond with contractual (or coupon) rate of 12% had a
D Question 21 1 pts On July 1, 2009 a semi-annual $800,000 5 year bond with contractual (or coupon) rate of 12% had a Net book value of $675,044. The bond had been at a discount rate of 16% and matures on December 31, 2012. The interest expense recorded June 30.2010 (rounded) would be: issued $54,484 O $40,000 O $47.761 O $96,000 O $48,000
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Survey of Accounting
Authors: Carl S Warren
6th edition
978-113318912, 1133189121, 978-1133189121
