Question
On June 30, 2021 Harbor Cruises Inc. issued $12 million of its 6% bonds for $11 million. The bonds were priced to yield 8%. Interest
On June 30, 2021 Harbor Cruises Inc. issued $12 million of its 6% bonds for $11 million. The bonds were priced to yield 8%. Interest is payable semiannually on December 31 and July 1. How much cash payment associated with the bond should Harbor Cruises record on its December 31, 2022 financial statements?
Group of answer choices $360,000 $480,000 $720,000 None of the options listed. $1,120,000
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Accounting For Decision Making And Control
Authors: Jerold Zimmerman
5th Edition
0072975865, 978-0072975864
