Question
select one mutiple choice answer: On January 1, 2015, Nott Co. sold $1,000,000 of its 10% bonds for $885,296 to yield 12%. Interest is payable
select one mutiple choice answer:
On January 1, 2015, Nott Co. sold $1,000,000 of its 10% bonds for $885,296 to yield 12%. Interest is payable semiannually on January 1 and July 1. What amount should Nott report as interest expense for the six months ended June 30, 2015?
|
| $60,000 |
|
| $50,000 |
|
| $44,266 |
|
| $53,118
|
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Research Methods And Audit For General Practice
Authors: David Armstrong, John Grace
3rd Edition
0192631918, 978-0192631916
