ICyberAngel
ICyberAngel
05.02.2020 • 
Business

Bautista corporation issued $200,000, 10%, ten-year bonds on january 1, 2019, for $344,365 when the market interest rate was 2%. interest is paid semiannually on january 1 and july 1. the corporation uses the effective-interest method to amortize bond discounts and premiums. the total amount of bond interest expense recognized on july 1, 2019, would be closest to a. $3,444 b. $2,000. c. $20,000. d. $10,000

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