G
grlpatel
Guest
Porter Company received proceeds of $211,500 on 10-year, 8% bonds issued on January 1, 2006. The bonds had a face value of $200,000, pay interest annually on December 31st, and have a call price of 102. Porter uses the straight-line method of amortization.
What is the amount of interest expense Porter will show with relation to these bonds for the year ended December 31, 2007?
$16,000
$12,550
$14,850
$16,920
What is the amount of interest expense Porter will show with relation to these bonds for the year ended December 31, 2007?
$16,000
$12,550
$14,850
$16,920