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A Company Issued 5-Year,7% Bonds with a Par Value of $100,000.The

Question 44

Multiple Choice

A company issued 5-year,7% bonds with a par value of $100,000.The company received $97,947 for the bonds.Using the straight-line method,the amount of interest expense for the first semiannual interest period is:


A) $3,294.70.
B) $3,500.00.
C) $3,705.30.
D) $7,000.00.
E) $7,410.60.

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