# Refer to table 1 assuming the bonds are issued at 98

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Chapter 11 / Exercise 35
Applied Calculus for the Managerial, Life, and Social Sciences
Tan
Expert Verified
56.Refer to Table 1. Assuming the bonds are issued at 98 plus accrued interest on July 1, 20X6, the semiannual cash payment for interest on December 1, 20X6, will be:a) \$32,500b) \$43,750c)\$37,500d) \$39,500
cL.O. 1DifficultPage: 58357.Refer to Table 1. Assuming the bonds were issued on June 1, 20X6, at 92 5/8, and the company uses the straight-line method of amortization, the semiannual interest payment on December 1, 20X7, would include a:
L.O. 1ModeratePage: 583173
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Chapter 11 / Exercise 35
Applied Calculus for the Managerial, Life, and Social Sciences
Tan
Expert Verified
58.Refer to Table 1. Assuming the bonds were issued on June 1, 20X6, at 103 7/8, and the company uses the straight-line method of amortization, the semiannual cash payment for interest on December 1, 20X8, would include a:
L.O. 1ModeratePage: 58359.Refer to Table 1. Assuming the bonds were issued on June 1, 20X6, at 97 1/2, and the company uses the straight-line method of amortization, the adjusting entry on December 31, 20X6, to accrue the interest and record applicable amortization would include a:
aL.O. 1DifficultPage: 58360.Refer to Table 1. Assuming the bonds were issued on June 1, 20X6, at 103 3/4, and the company uses the straight-line method of amortization, the adjusting entry on December 31, 20X6, to accrue interest and record applicable amortization would include a:a)debit to premium on bonds payable for \$156b)credit to interest payable for \$6,250c)debit to interest expense for \$6,250d)a and b are both correct d
L.O. 1DifficultPage: 58361.Which of the following statements is true?
bL.O. 1ModeratePage: 58362.Under the effective-interest method of amortizing bond premium, the interest expense recorded for each semiannual interest payment:
L.O. 2DifficultPage: 588174
CHAPTER 15Long-Term Liabilities