On January 1, 2020, Hut Co. Itd sold sh.1, 000.000 of its 10% bonds for sh.885. 296 to yield 12%. Interest is payable semiannually on January 1 and July 1. What amount should Huff report as interest expense for the six months ended June 30. 20207 Select one: A. d. sh.60. 000 B. b. sh.50. 000 C.C. sh.53. 118 D. a. sh.44, 266

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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SAF FOR YOU
O 0 43% D 09:35
3G
Telkom-Stay Safe . "E 747B/s A
< January 18, 2022
09:34
On January 1. 2020, Hut Co. Itd sold sh.1, 000,000 of its 10% bonds for sh.885, 296 to yield 12%.
Interest is payable semiannually on January 1 and July 1. What amount should Huff report as interest
expense for the six months ended June 30. 2020?
Select one:
A. d. sh.60. 000
B. b. sh.50. 000
C.C. sh.53. 118
D. a. sh.44, 266
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Transcribed Image Text:SAF FOR YOU O 0 43% D 09:35 3G Telkom-Stay Safe . "E 747B/s A < January 18, 2022 09:34 On January 1. 2020, Hut Co. Itd sold sh.1, 000,000 of its 10% bonds for sh.885, 296 to yield 12%. Interest is payable semiannually on January 1 and July 1. What amount should Huff report as interest expense for the six months ended June 30. 2020? Select one: A. d. sh.60. 000 B. b. sh.50. 000 C.C. sh.53. 118 D. a. sh.44, 266 Share Favorite Edit Delete More
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