Question
On NOVEMBER 30, 2011, Just in Thyme, Inc. issued $10,000 of 20-year, 9% bonds at 100. The bonds pay interest SEMIANNUALLY on May 31
On NOVEMBER 30, 2011, Just in Thyme, Inc. issued $10,000 of 20-year, 9% bonds at 100. The bonds pay interest SEMIANNUALLY on May 31 and November 30. On its income statement for the year ended DECEMBER 31, 2011, the year the bonds were issued, Just in Thyme will show Interest expense of Select one: O a. $0 O b. $900 O c. $75 Od. $450
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
