Question
On May 1, 2010, a company issued 30000 of ten year, 12% bonds payable date Jan 1 2010.The cash received amount 29808. The bonds pay
On May 1, 2010, a company issued 30000 of ten year, 12% bonds payable date Jan 1 2010.The cash received amount 29808. The bonds pay semiannually. The company fiscal year ends on June 30, 2010. What amount interest expense should be reported? (assuming straight-line)
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
