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The Following Data Were Taken from the Financial Records of Happy

question 39

Essay

The following data were taken from the financial records of Happy Corporation for 2014:
 Sales $3,600,000 Bond interest expense 100,000 Income taxes 700,000 Net income 900,000\begin{array} { l r } \text { Sales } & \$ 3,600,000 \\\text { Bond interest expense } & 100,000 \\\text { Income taxes } & 700,000 \\\text { Net income } & 900,000\end{array}
Required:
How many times was bond interest earned in 2014?

Definitions:

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