Franklin Corporation issues $95,000, 10%, 5-year bonds on January 1 for $99,300. Interest is paid semiannually on January 1 and July 1. If Franklin uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1 is Oa. $7,600 Ob. $4,320 Oc. $3,800 Od. $4,230 Previous Next 3:22 PM 53 F Sunny 12/14/2021 a 耳件

Franklin Corporation issues $95,000, 10%, 5-year bonds on January 1 for $99,300. Interest is paid semiannually on January 1 and July 1. If Franklin uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1 is Oa. $7,600 Ob. $4,320 Oc. $3,800 Od. $4,230 Previous Next 3:22 PM 53 F Sunny 12/14/2021 a 耳件

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Franklin Corporation issues $86,000, 10%, 5-year bonds on January 1 for $89,900. Interest is paid semiannually on January 1 and July 1. If Franklin uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1 is a. $3,440 b. $6,880 c. $3,910 d. $3,830
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