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In 2022, Dvorak Company issued $200,000 of bonds for $189,616. If the stated rate of...

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Accounting

In 2022, Dvorak Company issued $200,000 of bonds for $189,616. If the stated rate of interest was 6% and the yield was 6.73%, how would Dvorak calculate the interest expense for the first year on the bonds using the effective interest method?

a.$200,000 6.73%

b.$200,000 6%

c.$189,616 6%

d.$189,616 6.73%

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