Question
On January 1, 2018, a corporation issued a $100,000, 5-year maturity, 6% bond. the interest is payable semi-annually on June 30 and December 31. The
On January 1, 2018, a corporation issued a $100,000, 5-year maturity, 6% bond. the interest is payable semi-annually on June 30 and December 31. The market interest rate is 6% at issuance. what is the interest expense for the year ending December 31, 2018?
answer is $6000.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
