I'm stayin up all night because I can't figure this out.
Can anyone show me step by step how the Straight-line method of amortization work?
Suffolk Corporation issued $92,000 of 20year, 6 percent bonds at 98 on one of its semiannual interest dates. The straightline method of amortization is to be used. how much bond interest expense will be recorded on the next interest payment date?
a. 2,806
b. 5,520
c. 5,566
d. 2760
2007-11-28
22:32:03
·
1 answers
·
asked by
Jeff
2
in
Other - Business & Finance