Question
MCQ-04656 On June 1 of the current year, Cross Corp. issued $300,000 of 8% bonds payable at par with interest payment dates of April 1
MCQ-04656
On June 1 of the current year, Cross Corp. issued $300,000 of 8% bonds payable at par with interest payment dates of April 1 and October 1. In its income statement for the current year ended December 31, what amount of interest expense should Cross report?
A. $6,000 B. $8,000 C. $12,000 D. $14,000
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Working Conditions And Factory Auditing In The Chinese Toy Industry
Authors: Congressional-Executive Commission On China
1st Edition
1508726515, 978-1508726517
