Question
On January 1, 2013, Lane issues $700,000 of 7%, 15-year bonds at a price of 106. The interest payments are made on June 30 and
On January 1, 2013, Lane issues $700,000 of 7%, 15-year bonds at a price of 106. The interest payments are made on June 30 and December 31. Lane elects a fiscal year ending September 30. What is the amount that would be recorded as cash paid in the December 31, 2013, journal entry?
| a$24,500 b22,925 |
c12,250 d11,462
|
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Managing Component Based Development In Global Teams
Authors: J. Kotlarsky, I. Oshri
2009 Edition
0230222447, 978-0230201101
