Multiple Choice
[The following information applies to the questions displayed below.]
Austin Corporation issues $6,000,000 of 10%,10-year bonds,dated December 31,Year 1.The bonds are issued on April 30,Year 2,at 100 plus accrued interest.Interest on the bonds is payable semiannually each June 30 and December 31.
-The total amount of cash received by Austin Corporation upon issuance of the bonds on April 30,Year 2,is:
A) $6,000,000.
B) $6,200,000.
C) $6,150,000.
D) $6,300,000.
Correct Answer:

Verified
Correct Answer:
Verified
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