seamark buys $300,000 of eider's 8% five-year bonds payable at par value. interest payments are...
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Accounting
seamark buys $300,000 of eider's 8% five-year bonds payable at par value. interest payments are made semiannually.All of the following regarding accounting for the securities are ture except: A.the debt securities should be recorded at the cost$300000 B.the securities will have a maturity value of $300000 C.the semiannual interest payment amount is $12000 D.the semiannual interest payment amount is $24000 E.interest revenue should be credited when an interest paymen is received
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