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Final 5.docx - Let’s Analyze PROBLEM 25 Straight Line...

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Let’s AnalyzePROBLEM 25Straight Line MethodJan 1,2020Investment 2,800,000Cash 2,800,000Dec 31,2020Cash 300,000Interest income 300,000Investment 66,666.67Interest income 66,666.67FV = 3,000,000Issue price = 2,800,000Bond discount = 200,000Years= 3Yearly amortization = 66,666.67
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Generally Accepted Accounting Principles, Month, 200 000 years, jan 1 2020

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