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Bino Corp Issues $750,000,10%,15-Year Bonds

Question 67

Multiple Choice

Bino Corp issues $750,000,10%,15-year bonds.The current market rate is 10%.The journal entry to record the semiannual interest payment,assuming the effective interest method is used,is:


A)
Bino Corp issues $750,000,10%,15-year bonds.The current market rate is 10%.The journal entry to record the semiannual interest payment,assuming the effective interest method is used,is: A) B) C) D) E)
B)
Bino Corp issues $750,000,10%,15-year bonds.The current market rate is 10%.The journal entry to record the semiannual interest payment,assuming the effective interest method is used,is: A) B) C) D) E)
C)
Bino Corp issues $750,000,10%,15-year bonds.The current market rate is 10%.The journal entry to record the semiannual interest payment,assuming the effective interest method is used,is: A) B) C) D) E)
D)
Bino Corp issues $750,000,10%,15-year bonds.The current market rate is 10%.The journal entry to record the semiannual interest payment,assuming the effective interest method is used,is: A) B) C) D) E)
E) Bino Corp issues $750,000,10%,15-year bonds.The current market rate is 10%.The journal entry to record the semiannual interest payment,assuming the effective interest method is used,is: A) B) C) D) E)

Correct Answer:

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