Question
Rikki Company received proceeds of $188,000 on 10-year, 6% bonds issued on January 1, 2014. The bonds had a face value of $200,000, pay interest
Rikki Company received proceeds of $188,000 on 10-year, 6% bonds issued on January 1, 2014. The bonds had a face value of $200,000, pay interest semi-annually on June 30 and December 31, and have a call price of 101. Rikki uses the straight-line method of amortization. What is the amount of interest Rikki must pay the bondholders in 2014?
|
| $10,800 |
|
| $13,200 |
|
| $11,200 |
|
| $12,000 |
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Auditing Information Systems Enhancing Performance Of The Enterprise
Authors: Abraham Nyirongo
1st Edition
1490754997, 9781490754994
