Question

Data related to a bond issued by Roxon enterprises is given below:
Interest expense on bond $800000
Increase in interest payable on bond $8000
Decrease in discount on bond
$2,000
Cash paid for interest on bond is:
a. $790,000
b. $806,000
c $784000
d $910000​

Answer 1

Solution 1: Cash paid for interest = Interest expense - Increase in interest payable - Decrease in discount = $800,000 - $8,000 - $2,000 = $790,000 Hence option a is correct. Solution 2: Net income

Answer:

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Answer 2

Answer:

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