On April 1,Braintree Corporation Issued 10%,10-Year,$400,000 Bonds at Face Value

question 33

Multiple Choice

On April 1,Braintree Corporation issued 10%,10-year,$400,000 bonds at face value.Interest dates are April 1 and October 1.The amount of cash paid out for interest during the current calendar year is:

• A)$0.
• B)$10,000.
• C)$20,000.
• D)$40,000.