fatherbamboo
25.02.2020 •
Business
On January 1, 2017, Cooper Sales issued $15,000 in bonds for $14,700. They were six-year bonds with a stated rate of 9% and they pay semi-annual interest. Cooper Sales uses the straight-line method to amortize the bond discount amount. On June 30, 2017, when Cooper Sales makes the first payment to bondholders, how much will the company report as interest expense?
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