If the straight-line method of amortization was appropriate, Ask an Expert

Accounting

Lala Pista company issued callable bonds on January 1, 2011. LPC's accountant has projected the following amortization schedule from issuance until maturity:

If the straight-line method of amortization was appropriate to use, what amount of interest expense would be recorded on 12/31/2012?

A. $5,245

B. $6,137

C. $6,122

D. $7,878

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948597

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