Craddock Company issued 6%, 10-year bonds with a face amount of $1,000,000 for $1,020,000. The bonds pay
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Question:
A.not impact interest expense or the carrying value of the bond
B.increase interest expense by $20,000
C.decrease interest expense by $2,000.
D.decrease interest expense by $1,000.
Related Book For
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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