A Company Issued 10-Year,7% Bonds with a Par Value of $100,000.The

question 196

Multiple Choice

A company issued 10-year,7% bonds with a par value of $100,000.The company received $96,526 for the bonds.Using the straight-line method,the amount of interest expense for the first semiannual interest period is:

• A)$3,326.00.
• B)$3,500.00.
• C)$3,673.70.
• D)$7,000.00.
• E)$7,347.40.

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