Question
On January 1, 2018, Jahi Company issued $400,000, 10-year, 10% coupon rate bonds for $354,200. The bonds pay interest on June 30 and December 31.
On January 1, 2018, Jahi Company issued $400,000, 10-year, 10% coupon rate bonds for $354,200. The bonds pay interest on June 30 and December 31. Using straight line amortization, the interest expense on the bonds on June 30, 2018, is
A. $20,000 B. $24,000 C. $22,290 D. $17,710
Why C?
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Anti Money Laundering Governance Risk Management And Compliance GRC Book 4
Authors: Uwem Essia, Kester Ehiwario
1st Edition
B0BBXZ6GKR, 979-8848908473
