Legion records interest at the effective rate

Assignment Help Accounting Basics

Reference no: EM13557327

On January 1, 2013, Legion Company sold $290,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $223,474, priced to yield 12%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2013, in the amount of (Round your answer to the nearest dollar amount):

Reference no: EM13557327

Questions Cloud

How might paul improve tax situation : Determine total income and list the exclusions from income, list the adjustments to income

What is the smaller and larger radial position : A source emits sound uniformly in all directions. A radialline is drawn from this source. On this line, determine the radialpositions of two points, 1.28 m apart, such that the intensitylevel at one point is 2.46 dB greater than that at the other.

Calculate the least velocity of projection : Calculate the least velocity of projection required to give amissile a horizontal displacement of 500m if the angle ofprojection is 24 degrees

Explain why would any line in the hydrogen spectrum series : Why would any line in the hydrogen spectrum between 250nm and 70nm belong to the balmer series

Legion records interest at the effective rate : Legion records interest at the effective rate

Calculate what is the power of the lens in diopters : It is desired to magnify reading materal by a factor of 2.5xwhen a book is placed 8.0 cm behind a lens. What is the power of the lens in diopters

Bullet hits asteel plate and melts and splatters on impact : A 0.03 kg bullet hits asteel plate and melts and splatters on impact. Assuming thatthe bullet recieves 80% of the collision energy, at what minimium speed must it travel to melt on impact?

Explain a mixture of acetone and water is distilled : Why acetone has significantly high refractive index when a mixture of acetone and water is distilled

Compute what was the initial speed of the bullet : A rifle bullet with mass 8.00 g strikes and embeds itself in ablock with mass 0.992 kg that rests on a frictionless, What was the initial speed of the bullet

User Account

All Pages