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Business, 03.12.2020 20:10 joey4843

On June 1 of the current year, Cross Corp. issued $300,000 of 8% bonds payable at par with interest payment dates of April 1 and October 1. In its income statement for the current year ended December 31, what amount of interest expense should Cross report? a. $14,000.
b. $6,000.
c. $12,000.
d. $8,000.

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On June 1 of the current year, Cross Corp. issued $300,000 of 8% bonds payable at par with interest...

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