Question
On January 1, 2012, XXX.Inc., purchased $70,000 facevalue of the12% bonds of YYY.Inc., at 101. The bonds mature on January 1. 2017. For the year
On January 1, 2012, XXX.Inc., purchased $70,000 facevalue of the12% bonds of YYY.Inc., at 101. The bonds mature on January 1. 2017. For the year ended December 31, 2015, XXX.Inc received cash interest of $8,400. was was the interest revenue that XXX.Inc earned in this period? A)7,400 B)9,400 C)8,260 D)6,400
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Advanced Financial Accounting An International Approach
Authors: Jagdish Kothari, Elisabetta Barone
1st Edition
0273712748, 978-0273712749
