McDonald Sales Prepared a Bond Issue of $20,000 Dated January

question 157

Multiple Choice

McDonald Sales prepared a bond issue of $20,000 dated January 1,2013.The bonds have a stated rate of 3% and a term of 6 years.The bond issue was delayed,and the bonds were finally sold on March 1,2013 at par.On June 30,2011,the first semiannual interest payment is made.How much is the total amount of interest expense McDonalds will record for the first half of 2013?

• A) $600
• B) $200
• C) $300
• D) $350

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Definitions:

Solely

Only; not involving anyone or anything else.

Slave Resistance

The defiance and opposition by enslaved individuals against their enslavement through various forms of protest and rebellion.

Overt Form

An apparent or visible form, not hidden or clandestine.

Self-Mutilation

The intentional act of injuring one's own body without the intent to die, often as a way to cope with emotional pain, anger, or frustration.