Multiple Choice
On 1 January 2017,Carter Sales issued $39,000 in debentures for $20,700.They were six year debentures with a stated rate of 9% and pay semiannual interest.Carter Sales uses the straight-line method to amortise the Debentures discount.On 30 June 2017,when Carter makes the first payment to investors,how much will they report as Interest expense? (Round to the nearest dollar. )
A) $1525
B) $37,185
C) $1755
D) $3280
Correct Answer:
Verified
Correct Answer:
Verified
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