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On January 1, Day Co. paid $108,250 for $100,000 face amount, five-year, 8% bonds, a price that yields 6%. Interest is payable every July 1
On January 1, Day Co. paid $108,250 for $100,000 face amount, five-year, 8% bonds, a price that yields 6%. Interest is payable every July 1 and January 1. Total Interest Revenue to be recorded over the life of the bond is: Select one: a. $11,750 b. $28,250 c. $48,250 d. $16,250 e. $31,750
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Accounting Basic For Beginners
Authors: Kavishankar Panchtilak
1st Edition
979-8860644588
