Manu Corporation Issued $200,000 of 4%, 5-Year Bonds for Proceeds

question 32

Multiple Choice

Manu Corporation issued $200,000 of 4%, 5-year bonds for proceeds of $192,330. The market interest rate is 6%. Interest is paid semi-annually. How much bond interest expense is recorded on the first interest date?

• A) $6,000
• B) $4,000
• C) $3,847
• D) $5,770

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The unwritten, implicit agreement between an employee and employer outlining mutual expectations, including job responsibilities and benefits.