Roman company issued 600000 of 6 5-year bonds at 98 with


Question - Roman Company issued $600,000 of 6%, 5-year bonds at 98, with interest paid annually. Assuming straight-line amortization, what is the total interest cost of the bonds?

a. $180,000

b. $192,000

c. $168,000

d. $174,000

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Accounting Basics: Roman company issued 600000 of 6 5-year bonds at 98 with
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