Business, 02.07.2019 03:20 sdfhghjg

Questions 1 and 2 are based on the following information. on january 1, matthew company issued 7% term bonds with a face amount of $1,000,000 due in 8 years. interest is payable semiannually on january 1 and july 1. on the date of issue, investors were willing to accept an effective interest rate of 6%.1. the bonds were issued on january 1 ata. a premium. b. an amortized value. c. book value. d. a discount.2. assume the bonds were issued on january 1 for $1,062,809. using the effective interest amortization method, matthew company recorded interest expense for the 6 months ended june 30 in the amount of a. $35,000b. $70,000c. $63,769d. $31,884

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Questions 1 and 2 are based on the following information. on january 1, matthew company issued 7% te...

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