On April 1, Ballentine Corporation Issued 10%, 10-Year, $800,000 Bonds

question 81

Multiple Choice

On April 1, Ballentine Corporation issued 10%, 10-year, $800,000 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) $20,000.
• C) $40,000.
• D) $80,000.

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