Use the Following to Answer Questions

question 136

Multiple Choice

Use the following to answer questions
Victor Company issued bonds with a $250,000 face value and a 6% stated rate of interest on January 1,2016.The bonds carried a 5-year term and sold for 95.Victor uses the straight-line method of amortization.Interest is payable on December 31 of each year.
-The amount of interest expense appearing on the December 31,2018 income statement would be:

• A)$17,500.
• B)$12,500.
• C)$14,250.
• D)$15,000.