Six years ago Hill City issued $10 million of 6% term bonds, due 30 years from the date of issue.Interest on the bonds is payable semi-annually on January 1 and July 1.Hill City has a September 30 fiscal year end.The amount of interest payable that would be included on the balance sheet for the debt service fund of Hill City at September 30 would be
A) $ -0-.
B) $150,000.
C) $300,000.
D) $600,000.
Correct Answer:
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