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Unformatted text preview: Liabilities: Face Value: 4000000 Premium on B/P: 300920 Liability for B/P: 4300920 c. 1 Interest Expense of 515,754 2 It matches expenses with revenues better than the straight line method. They both result in same total amount of interest expense over the term of the bonds. 3 46,234.89 4 The bond interest expense would be the same....
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This note was uploaded on 08/19/2009 for the course ACC ACC300 taught by Professor Jones during the Spring '09 term at Central Pennsylvania.
- Spring '09