Multiple Choice
Rana purchases a 5%,$100,000 corporate bond at issuance on January 1,2015 for $91,500.The bond matures in five years.In 2015 Rana will recognize interest income of
A) $0.
B) $5,000.
C) an amount less than $5,000 (but more than $0) .
D) an amount greater than $5,000.
Correct Answer:
Verified
Correct Answer:
Verified
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