I need help with a math problem

timer Asked: Nov 19th, 2015
account_balance_wallet $5

Question Description

On January 1, 2011, The Hamilton Corporation issued $35,250 of 8%, 5-year bonds at 97. Hamilton uses the straight-line method of bond discount amortization. The interest payments are due on December 31 each year.

Based on the above, how much interest expense will Hamilton report on its income statement on December 31, 2011?

A) $212
B) $1,058
C) $2,820
D) $3,032

Tutor Answer

School: Purdue University

Thank you for the opportunity to help you with your question!

The answer for your questions is B) $1,058.

Do not hesitate to ask me further questions or doubts. I will be more than happy to help you.

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Thank you

Anusha Reddy.

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Goes above and beyond expectations !

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