Question
On January 1, 2016, Legion Company sold $290,000 of 4% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were
|
$17,400
$9,417
$5,800
$23,200
|
Equal to $1,300,000.
More than $1,300,000.
Less than $1,300,000.
The answer cannot be determined from the information provided.
|
$134,200
$137,000
$126,000
$128,800
|
$33,330.
$27,270.
$28,800.
$35,200.
|
$13,500.
$27,000.
$40,500.
$36,000.
|
|
How much cash interest does Auerbach pay on March 31, 2017? (Answer should be in million rounded to two decimal places.) |
$17.50 million
$12.25 million
$8.75 million
$24.50 million
|
|
Assuming that Auerbach issued the bonds for $280,832,468, what interest expense would it recognize in its 2016 income statement? (Do not round intermediate calculations and round final answer to nearest whole dollar.) |
$0.
$5,616,649.
$11,233,299.
$6,500,000.
Top of Form
|
$392,000.
$196,000.
$350,000.
$26,000.
Top of Form
|
$43,500.
$51,500.
$68,000.
$45,000.
Top of Form
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$140,000 gain.
$108,800 gain.
$0 gain.
$119,000 gain.
Bottom of Form
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