Use the following information to answer questions
On July 1, 2010, Hardy Corp. issued $200,000 of 10%, 10-year bonds at 104. Interest is paid on January 1 and July 1, with any premiums or discounts amortized on a straight-line basis.
-Bond interest expense reported on the December 31, 2010, income statement of Hardy Corp. would be
A) $ 9,200.
B) $ 9,600.
C) $10,000.
D) $10,400.
E) $20,000.
Correct Answer:
Verified
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