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What the interest expense for the year ended december be

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Reference no: EM132995713

Problem 1. It is a type of bond that the bondholder can exchange for other securities of the issuer.

a. debenture bond

b. collateral trust bond

c. convertible bond

d. james bond

Problem 2. Transaction costs of issuing bonds

a. are added to the carrying amount of the bonds.

b. are recognized as outright expenses.

c. are amortized as expense over the term of the bonds.

d. a and c.

Problem 3. The interest payment dates of a bond issue are April 1 and October 1, 20x1. The bonds were issued on August 31, 20x1. The interest expense for the year ended December 31, 20x1 would be for:

a. four (4) months

b. six (6) months

c. seven (7) months

d. ten (10) months

Reference no: EM132995713

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