I need help with a math problem

Mathematics
Tutor: None Selected Time limit: 1 Day

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

Nov 19th, 2015

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.

Please rate my work and do not forget to write a review. 

Thank you

Anusha Reddy.

Please let me know if you need any clarification. I'm always happy to answer your questions.
Nov 19th, 2015

Are you studying on the go? Check out our FREE app and post questions on the fly!
Download on the
App Store
...
Nov 19th, 2015
...
Nov 19th, 2015
Dec 9th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer