What amount should huff report as interest expense, Accounting Basics

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What amount should huff report as interest expense

On January 1, 2010, Huff Co. sold $1,000,000 of its 10% bonds for $885,296 to yield 12%. Interest is payable semiannually on January 1 and July 1. What amount should Huff report as interest expense for the six months ended June 30, 2012?

a. 44,266

b. 50,000

c. 53,118

d. 60,000

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Accounting Basics: What amount should huff report as interest expense

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Accounting Basics: What amount should huff report as interest expense

Reference No:- TGS088232

Recent Questions Asked Accounting Basics

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