This preview shows page 1. Sign up to view the full content.
Unformatted text preview: 4,000,000 x 0.04 x 20 = 3,200,000 plus the bond discount 4,000,000 3,501,514 = 498,486 which gives a total cost of 3,698,486 . (4) The total bond interest expense would be the same if straight line method was used Sincerely yours, Fadi Fayad...
View Full Document
This note was uploaded on 06/24/2011 for the course ACCOUNTING 281 taught by Professor Prof.robinson during the Spring '10 term at University of Phoenix.
- Spring '10