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What is the amount of bond amortization

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Q1. Arundel Corporation has 7,000 shares of 4% $100 par cumulative preferred stock outstanding. Arundel paid all preferred dividends due for the year 2019 but paid no dividends in 2020. What amount will Arundel need to pay preferred shareholders in 2021 if they wish to pay a dividend to common shareholders?

Q2. Towson Corporation issued $100,000 of 4% ten year bonds at 103 on the semi-annual interest date. Towson uses the straight line method to amortize any bond premium or discount. What is the amount of bond amortization for each six month period?

Reference no: EM133103012

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What is the amount of bond amortization : Towson Corporation issued $100,000 of 4% ten year bonds at 103 on the semi-annual interest date. What is the amount of bond amortization
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