Question
Oriole Company received proceeds of $543000 on 10-year, 7% bonds issued on January 1, 2016. The bonds had a face value of $576000, pay interest
Oriole Company received proceeds of $543000 on 10-year, 7% bonds issued on January 1, 2016. The bonds had a face value of $576000, pay interest annually on December 31st, and have a call price of 102. Oriole uses the straight-line method of amortization. What is the amount of interest Oriole must pay the bondholders in 2016?
| $38010 |
|
| $40320 |
|
| $43620 |
|
| $37020 |
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Are You Ready For An ISMS Audit Based On 27001
Authors: BSI British
1st Edition
0580829138, 978-0580829130
