a). If $180,000, 9% bonds are issued on January 1, and pay interest semi-annually, the...

80.2K

Verified Solution

Question

Accounting

a). If $180,000, 9% bonds are issued on January 1, and pay interest semi-annually, the amount of interest paid on July 1, will be $8,100

b) Under the direct method, when accounts receivable increase during the period, it means that less cash was collected from customers than was recorded as revenue by the company

please help true or false

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students