أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
The bonds pay interest September1 and March1. What amount of interest expense and
bond interest payable should Wag report in its government-wide financial statements at the close of the
fiscal year on December31?
a. Interest expense, $50,000; interest payable, $20,000.
b. Interest expense, $50,000; interest payable, $0.
c. Interest expense, $60,000; interest payable, $10,000.
d. Interest expense, $30,000; interest payable, $0.
Interest Expense for10 months from March to December would be $50,000/- (i.e $1,000,000 *6% *10/12).
Interest Payable would be for four months from September to December $20,000/- (assuming the company fully paid the interest due on1st September).
So 'a' is the right answer.
هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟