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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 6 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Accrued Interest on Bonds. (Obj. 3) Ramona purchased a $40,000 par value bond of DPQ Corporation. She paid the seller $40,533 ($40,000 par value + $533 accrued interest). The 8% bond pays interest semiannually on June 30 and December 31. Ramona received the first semiannual interest payment of $1,600 on December 31, 2014. Discuss how much interest income Ramona must include in gross income in 2014.
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