Nguyen Ltd. issued (sold) a $200,000, 7.0% bond for $212,561 on January 1, 20X6, when the market rate of interest was 6.0%. The bond had an eight-year term, and paid interest semi-annually. The company's year-end is December 31.How much interest expense will be reported for the six-months ending Decmeber 31, 20X6?

Answer rating: 100% (QA)

To calculate the interest expense for the six months ending December 31 20X6 we need to determine th... View the full answer