Short Answer
On January 1, 2021, Blue Hat Company issues a bond with a maturity on December 31, 2021. The market rate is 7%. Coupon rate is 6%. Interest is paid each June 30 and December 31. Assume at Dec 31, year end. Blue Hat Company's accounting staff properly prepared a bond amortization schedule below.
-How much interest expense would Blue Hat Company show on its income statement for the year ended Dec 31,2019
Correct Answer:
Verified
Correct Answer:
Verified
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