Question
On October 1, 2014 Macklin Corporation issued 5%, 10-year bonds with a face value of $4,000,000 at 104. Interest is paid on October 1 and
On October 1, 2014 Macklin Corporation issued 5%, 10-year bonds with a face value of $4,000,000 at 104. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis.
Bond interest expense reported on the December 31, 2014 income statement of Macklin Corporation would be:
a. $46,000
b. $50,000
c. $54,000
d. $92,000
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Using Equity Audits To Create Equitable And Excellent Schools
Authors: Linda E. Skrla, Kathryn B. McKenzie, James Joseph Scheurich
1st Edition
1412939321, 978-1412939324
