Presented Here Is a Partial Amortization Schedule for Roseland Company

question 227

Multiple Choice

Presented here is a partial amortization schedule for Roseland Company who sold $300,000, five year 10% bonds on January 1, 2014 for $318,000 and uses annual straight-line amortization. Which of the following amounts should be shown in cell (iv) ?

• A) $16,200.
• B) $10,800.
• C) $21,600.
• D) $14,400.

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