Question

On June 30, 2010, Nikki C. Records, Inc., issued $35,000 worth of 8% bonds for $35,000. The interest is paid annually on June 30.
1. What are the interest payments for the first two years?
2. Was the market interest rate higher or lower than 8% at the date of issue?
3. Will the interest expense be higher or lower than the interest payment?



$1.99
Sales0
Views64
Comments0
  • CreatedSeptember 01, 2014
  • Files Included
Post your question
5000