Business, 27.12.2020 16:10, kwoolfe59006

On January 1, 2007, the Queen Corporation issued 10% bonds with a face value of $100,000. The bonds are sold for $98,000. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, 2011. Queen records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31, 2007, is a. $9,600
b. $9,800
c. $10,400
d. $10,200

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On January 1, 2007, the Queen Corporation issued 10% bonds with a face value of $100,000. The bonds...