Business, 25.02.2020 19:55 BELLE6284

On May 1 of the current year, Cassandra Corp. issued $600,000 of 4% bonds payable at par with interest payment dates of April 1 and October 1. In its income statement for the current year ended December 31, what amount of interest expense should Cassandra report?

(A) 4,000
(B) 6,000
(C) 10,000
(D) 16,000

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