Multiple Choice
Manu Corporation issued $200,000 of 4%, 5-year bonds for proceeds of $192,330. The market interest rate is 6%. Interest is paid semi-annually. How much bond interest expense is recorded on the first interest date?
A) $6,000
B) $4,000
C) $3,847
D) $5,770
Correct Answer:
Verified
Correct Answer:
Verified
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