a
Particulars | Amount |
Issure price | 2,142,400 |
Less: face value | (2,060,000) |
Premium | 82,400 |
/ interest payments | 20 |
Amortization per paymnet | 4,120 |
Particulars | Amount |
Interest payment | 123,600 |
Less: premium amortization | (4,120) |
Interest expense per payment | 119,480 |
Answer is
119,480
b
Interest expense = 462350*12%*6/12 = 27741
please rate.
CALCULATOR PRINTER VERSION BACK NEXT Exercise 14-08 "resented below are two independent situations. a) Monty Co....
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Presented below are three independent situations.
(a) Flint Co. sold $2,020,000 of 12%, 10-year
bonds at 104 on January 1, 2017. The bonds were dated January 1,
2017, and pay interest on July 1 and January 1. If Flint uses the
straight-line method to amortize bond premium or discount,
determine the amount of interest expense to be reported on July 1,
2017, and December 31, 2017. (Round answer to 0 decimal
places, e.g. 38,548.)
Interest expense to be recorded
$...
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