Examlex

Solved

On April 1, 2012, Bering Inc

question 16

Multiple Choice

On April 1, 2012, Bering Inc. purchased $20,000 of Warner Corporation's 10-year, 8 percent bonds at par plus accrued interest. Interest is payable on June 30 and December 31. How much interest revenue should Bering report on its December 31, 2012, income statement as a result of this investment?


Definitions:

Related Questions