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NINJA Question –
4 MCQ sections will be given away …
2 on Facebook and 2 in this forum post. Feel free to post in both places for max chances to win.
Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE
D
FAR - 2/16 - 78 BEC - 2/16 - 78 AUD - 8/16 REG - 8/16
FAR: 9/3
AUD: 4/2 BEC: 5/14 FAR: 7/30 REG:
d
500000/0.04=20000 Cash interest
Debit Cash 20000 Credit Investment in bonds 1800 Credit interest revenue=21800
Answer is “D” $500,000*(8%/2)= $20,000 + discount amortization $1,800 ——————————— = $21,800
Answer: D