Bonds are issued on June 1 that have interest payment dates of April 1 and October 1. Bond interest expense for the year ended December 31, 2013, is for a period of:
A)Three months.
B)Four months.
C)Six months.
D)Seven months.

Question

Quizplus · Accepted Answer

The Answer of Bonds are issued on June 1 that have interest payment dates of April 1 and October 1. Bond interest expense for the year ended December 31, 2013, is for a period of:
A)Three months.
B)Four months.
C)Six months.
D)Seven months.

Bonds Are Issued on June 1 That Have Interest Payment