Question
Oriole Company received proceeds of $208680 on 10-year, 6% bonds issued on January 1, 2018. The bonds had a face value of $222000, pay interest
Oriole Company received proceeds of $208680 on 10-year, 6% bonds issued on January 1, 2018. The bonds had a face value of $222000, pay interest annually on January 1, and have a call price of 103. Oriole uses the straight-line method of amortization. What is the amount of interest Oriole must pay the bondholders on January 1, 2019?
(A) $11988
(B) $12441
(C) $13320
(D) $14520
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Information Systems Control And Audit
Authors: Ron Weber
1st Edition
0139478701, 978-0139478703
