Your Answer: $88482 $96482 $100000 $100771 Comments: 3. Question: Concord I

Your Answer: $88482
$96482
$100000
$100771 Comments: 3. Question: Concord Inc. issues (sells) $100000 of its 10-year 8% bonds to yield 10% on January 1 Year 1. The bonds pay interest annually on December 31. The bonds were sold with a discount of $12289. What is the bond interest expense for Year 1? Your Answer: $8000
$8771
$10000
$10771 Comments: 4. Question: Concord Inc. issues (sells) $100000 of its 10-year 8% bonds to yield 10% on January 1 Year 1. The bonds pay interest annually on December 31. The bonds were sold with a discount of $12289. What is the amount of cash interest paid on the bonds in Year 1? Your Answer: $7017
$8000
$8771
$10000 Comments: 5. Question: Concord Inc. issues (sells) $100000 of its 10-year 8% bonds to yield 10% on January 1 Year 1. The bonds pay interest annually on December 31. The bonds were sold with a discount of $12289. What is the amount of bond discount amortization for Year 2? Your Answer: $848
$1229
$1540
$2000