23、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
A company issued a $1,000 face value bond on 1 January. The annual coupon rate on the bond is 9 percent, interest is paid semiannually, and the bond matures in five years. The market rate of interest when the bond was issued was 10 percent on an annual basis. The amount of the initial liability recorded and the interest expense recorded on the first coupon payment date, respectively, were closest to: | Amount of the
initial liability recorded | Interest expense recorded on
the first coupon payment date | A. | $961 | $48 | B. | $961 | $50 | C. | $1,000 | $48 | D. | $1,000 | $50 |
A. Answer A B. Answer B C. Answer C D. Answer D
[此贴子已经被作者于2008-11-7 16:33:51编辑过] | 
发表于 2008-5-19 13:21
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