Multiple Choice
Mace Corporation sold (issued) 30 of its $1,000 bonds payable,5% annual interest,due in ten years.The bonds were sold at 98.Assume straight-line amortization.What would the interest expense be each full year?
A) $1,100
B) $1,440
C) $1,500
D) $1,560
Correct Answer:
Verified
Correct Answer:
Verified
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