Business, 12.12.2019 19:31 nessross1018
Jones company issued bonds with a $200,000 face value on january 1, 2016. the five-year term bonds were issued at 97 and had a 7½% stated rate of interest that is payable in cash on december 31st of each year. jones amortizes the bond discount using the straight-line method. based on this information: the amount of interest expense shown on jones's december 31, 2016 income statement would be: a). $16,200.b). $21,000.c). $15,000.d). $13,800.
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Jones company issued bonds with a $200,000 face value on january 1, 2016. the five-year term bonds w...
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