On January 1, 2012, XXX.Inc., purchased $70,000 facevalue of the12% bonds of YYY.Inc., at 101....
70.2K
Verified Solution
Link Copied!
Question
Accounting
On January 1, 2012, XXX.Inc., purchased $70,000 facevalue of the12% bonds of YYY.Inc., at 101. The bonds mature on January 1. 2017. For the year ended December 31, 2015, XXX.Inc received cash interest of $8,400. was was the interest revenue that XXX.Inc earned in this period? A)7,400 B)9,400 C)8,260 D)6,400
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
