On October 1, 2020 Crane Company issued 4%, 10-year bonds with a face value of $7900000 at
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On October 1, 2020 Crane Company issued 4%, 10-year bonds with a face value of $7900000 at 103. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis. Bond interest expense reported on the December 31, 2020 income statement of Crane Company would be
$79000.
$73075.
$146150.
$84925.
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