Condi Corporation sells $150,000, 5%, 10-year bonds for 95 on January 1, 2016. Interest is paid on January 1 and July 1. Straight-line amortization is used. The amount of interest paid on July 1, 2016 is:

A) $4,750.
B) $5,750.
C) $3,750.
D) $5,000.

Answer: C

Business

You might also like to view...

Candidates for the management development program at GenCo Enterprises must first complete a personality assessment to determine their suitability for a leadership role. Based on this, it would appear that GenCo believes in the ____________ approach to leadership.

a. contingency b. trait c. behavioral d. transformational

Business

Land moves by:

a. accretion b. erosion c. both a and b d. none of the above because land is immobile

Business