Question
On October 1, 2024 HK Corporation issued 6%, 10-year bonds with a face value of $6130000 at 104. Interest is paid on October 1 and
On October 1, 2024 HK Corporation issued 6%, 10-year bonds with a face value of $6130000 at 104. Interest is paid on October 1 and April 1, with any premium or discount amortized on a straight-line basis. Bond interest expense reported on the December 31, 2024 income statement of HK Corporation would be
| a. | $183900.
| |
| b. | $367800.
| |
| c. | $85820.
| |
| d. | $171640.
|
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Auditing
Authors: Thomas D. Hubbard, J. R. Johnson, Steve Johnson, Joel D. Hubbard
6th Edition
0873932609, 9780873932608
