Business, 08.02.2021 19:00 kobiemajak

Anthropology Corp. issued 6-year, 8% bonds with a face value of $850,000 on October 1, 2021. The bonds are dated October 1, 2021. Interest is paid semi-annually on Aptil 1 and October 1. The market rate of interest at issuance is 6%. This fiscal year end is Nocember 30th. The company uses the straight-line amortization method. What amount of interest expense is reported in the fiscal year ending in November 2021?

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Anthropology Corp. issued 6-year, 8% bonds with a face value of $850,000 on October 1, 2021. The bon...