Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Jul 2017 My Price 5.00

redemption of principal

Items 1 and 2 are based on the following information:

On March 2, 2010, 20-year, 6 percent, general obligation serial bonds were issued at the face amount of $3,000,000. Interest of 6 percent per annum is due semiannually on March 1 and September 1. The first payment of $150,000 for redemption of principal is due on March 1, 2011. Fiscal year-end occurs on December 31.

1. What is the interest expense for the fiscal year ending December 31, 2010?

a. $90,000.

b. $135,000.

c. $150,000.

d. None of the above.

2. What is the interest expenditure for the fiscal year ending December 31, 2010?

a. $90,000.

b. $135,000.

c. $150,000.

d. None of the above.

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Jul 2017 12:07 AM My Price 5.00

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