Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the given data are as follows:
Bond carrying value = $1,470,226
Rate of interest = 8%
Rate of interest (Semiannual ) = 4%
So, we can calculate the the bond interest expense on the first interest payment by using following formula:
The bond interest expense = Bond carrying value × rate of interest (semiannual)
By putting the value we get
= $1,470,226 × 4%
= $58,809
Every transaction has a double effect i.e Dr and cr
I believe it’s false advertising.
It’s like bait, they get you in the store only to tell you they don’t have the item, then proceed to sell you something much more expensive.
