Question
On January 1, Sunland Company issued $5700000, 11% bonds for $6070500. The market rate of interest for these bonds is 10%. Interest is payable annually
On January 1, Sunland Company issued $5700000, 11% bonds for $6070500. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Sunland uses the effective-interest method of amortizing bond premium. At the end of the first year, Sunland should report unamortized bond premium of:
|
| $313500 |
|
| $351810 |
|
| $350550 |
|
| $328550 |
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EPA Should Improve Timeliness For Resolving Audits Under Appeal
Authors: U.S. Environmental Protection Agency
1st Edition
1500105783, 978-1500105785
