question archive Bonds payable have a face amount of $1,000,000 and a discount of $10,000
Bonds payable have a face amount of $1,000,000 and a discount of $10,000
Subject:AccountingPrice: Bought3
Bonds payable have a face amount of $1,000,000 and a discount of $10,000.
the face interest rate is 9 percent and the effective interest rate is 10 percent. if the annual interest payment is due today, what amount of interest expense should be recorded?
