Using the simplified effective-interest amortization,the credit to Cash each interest payment is calculated as:
A)Bonds Payable,Net × Market Interest Rate × Time.
B)Bonds Payable,Net × Stated Interest Rate × Time.
C)Face Value × Stated Interest Rate × Time.
D)Face Value × Market Interest Rate × Time.

Question

Quizplus · Accepted Answer

Using the simplified effective-interest amortization,the credit to Cash is calculated as: Face Value × Stated Interest Rate × Time.

Using the Simplified Effective-Interest Amortization,the Credit to Cash Each Interest