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Use the following information to answer the next three questions. On April 1st of the current fiscal year, a publicly-traded company issued 2,000 bonds for
Use the following information to answer the next three questions. On April 1st of the current fiscal year, a publicly-traded company issued 2,000 bonds for $10,000 each for a total of $20,000,000 and they received a total of $19,200,000. The annual stated rate for the bonds is 4% and interest is paid semi-annually on September 30th and March 31". The bonds mature 10 years from the issue date. The company uses the straight-line method of amortization and their fiscal year ends on December 31st. For the current fiscal year ended December 31st, the company should record the amortization of bond discount. What amount should the company record to recognize the amortization of bond discount in the current fiscal year
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