Business, 08.10.2019 16:30 tonta22

On june 30, 2018, l. n. bean issued $10 million of its 8% bonds for $9 million. the bonds were priced to yield 10%. interest is payable semiannually on december 31 and july 1. if the effective interest method is used, how much bond interest expense should the company report for the 6 months ended december 31, 2018? a. $400,000b. $420,000c. $450,000d. $500,000

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On june 30, 2018, l. n. bean issued $10 million of its 8% bonds for $9 million. the bonds were price...

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