What is the Bond Interest Expense on the Income Statement on December 31?
On January 2, $217981 in 10 year, 5% bonds with a market interest rate of 9%, and interest payable semiannually, were issued for $185895.On June 30, bond interest was paid.
On December 31, the corporation showed an after tax Net Income of $53586.
On December 31, bond interest was paid; and dividends were declared and paid.
What is the Bond Interest Expense on the Income Statement on December 31?
On January 2, $186442 in 11 year, 9% bonds with a market interest rate of 6%, and interest payable semiannually, were issued for $206254. On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $59680. On December 31, bond interest was paid; and dividends were declared and paid.
What is the Bond Interest Expense on the Income Statement on December 31?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
