A company issued $5,000,000 7-year, 6 bonds when the market interest rate was 8 The bonds were issued on April 1, 2008 and interest is paid semiannually, on September 30 and March 31. What would appear as interest payable on the December 31, 2008 balance sheet?

Answer rating: 100% (QA)

As we know that bond was issued in April 2008 and interest payments fall on Septem... View the full answer