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Lera25 [3.4K]
3 years ago
10

The Levi Company issued $100,000 of 12% bonds on January 1 of the current year at face value. The bonds pay interest semiannuall

y on June 30 and December 31. The bonds are dated January 1, and mature in five years, on January 1. Determine the total interest expense related to these bonds for the current year ending on December 31 is
Business
1 answer:
lesya [120]3 years ago
7 0

Answer:

$120

Explanation:

Interest Expense on the Bonds payable is the coupon payment plus any amortized discount. As in this question there is no amortized discount because the bonds are issued on the par value.

As er given data

Face Value = $100,000

Coupon payment  = $100,000 x 12% = $120 annually = $60 semiannually

Interest Expense for the year = Interest Paid on June 30 + Interest Paid on December 31

Interest Expense for the year = $60 + $60 = $120

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Option B, Jamal is entitled to revoke acceptance because he took back the motorcycle after the seller's assurance that the nonconformity would be cured.

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The primary purpose of purchasing goods is to obtain conforming goods of the desired quality. Occasionally, the seller delivers non-conforming goods, goods that fail to meet the contractual obligation (obligations include: seller's description, statements promises...). In situations like this the buyer may revoke his acceptance if already accepted or reject the delivery upon discovery.

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3 years ago
To select nonadjacent items, hold down the ________________ key while selecting the items.
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To choose non-adjacent items, hold down the _SHIFT_BUTTON____ key and connect to the desired items.

<h3>Which key is pushed from the keyboard to set the nonadjacent files folders?</h3>

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