IDNLearn.com: Where questions are met with accurate and insightful answers. Discover in-depth answers to your questions from our community of experienced professionals.
Sagot :
A bond was issued on March 1, 2021. The interest dates of the bond are February 1 and August 1. The number of total months of interest expense incurred for the year ended December 31, 2021 should be ten months. As bond is issued on March 1, 2021 so interest month starts from it and till December 31, 2021 ten months interest expense incurred.
Bond is a debt and a loan taken by the company. Bond is a loan from an investors who buy their bonds in which return they get interests from the company as specified in the agreement. Interest can be paid to investors annually or on time which is mentioned in the agreement. Like here interest dates are February 1 and August 1.
Read more about interest on brainly:-
https://brainly.com/question/13324776
#SPJ4
Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. Your search for answers ends at IDNLearn.com. Thank you for visiting, and we hope to assist you again soon.