Business
Business, 26.02.2020 00:43, thelukp7fihp

A company purchased $114,000 of 6% bonds on May 1 at par value. The bonds pay interest on March 1 and September 1. The amount of interest accrued on December 31 (the company's year-end) would be:Multiple Choice

a. $2,160.

b. $5,400.

c. $1,080.

d. $2,700.

se. $3,240.

answer
Answers: 3

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A company purchased $114,000 of 6% bonds on May 1 at par value. The bonds pay interest on March 1 an...

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