Question
On October 1, 2017 Waterway Industries issued 6%, 10-year bonds with a face value of $6150000 at 104. Interest is paid on October 1 and
On October 1, 2017 Waterway Industries issued 6%, 10-year bonds with a face value of $6150000 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, 2017 income statement of Waterway Industries would be:
A $86,100 B $92,250 C $98,400 D $172,200
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds
6th Edition
78110890, 978-0078110894
