Question: On January 1, 2018, Coronado Industries sold $5100000 of its 8% bonds for $4515000 to yield 10%. Interest is payable semiannually on January 1 and July 1. What amount should Coronado report as interest expense for the six months ended June 30, 2018?
- $180606
- $225750
- $255000
- $204000
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