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Gre4nikov [31]
3 years ago
12

On January 1, Elias Corporation issued 7% bonds with a face value of $88,000. The bonds are sold for $85,360. The bonds pay inte

rest semiannually on June 30 and December 31 and the maturity date is December 31, 10 years from now. Elias records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 of the first year is
Business
1 answer:
IRINA_888 [86]3 years ago
5 0

Answer:

$6424

Explanation:

The bond interest expense for the year ended December 31 of the first year is

Interest Expense = $88,000 * 7% = $6160

Amotization Expense = ( $88000 - $85360) / 10 years = $264

Total Bond Interest Expense = $6160 + $264 = $6424

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<h2>Further Explanation:</h2>

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1. Energy generation: The energy such as electrical power comes from the various resource, it could be from the solar panel, gas, or old fossil electrical plant. The career here can be an engineer, the researcher.

2. Energy transmission: Transmission in electrical power is a process from the resource of where the electricity is generated into the final destination where the power is distributed.

3. Energy distribution: The distribution is the last passage where the energy is distributed to the micro organization such as household, firm, supermarket, and many others.

<h2>Details</h2>

Material : Business

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a. H0 : U ≥ 15

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