If bond interest expense is $800,000, bond interest payable increased by $8,000 and bond discount decreased by $8,000, cashpaid for bond interest is:A) $790,000.B) $784,000.C) $806,000.D) $910,000.O AO BO D

Solution: Cash paid for bond interest = Bond interest expense - Increase in bond payable - Decrease…

Answered: If bond interest expense is $800,000,…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 5MC: On January 1, a company issued a 5-year $100,000 bond at 6%. Interest payments on the bond of $6,000...

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If bond interest expense is $800,000, bond interest payable increased by $8,000 and bond discount decreased by $8,000, cash paid for bond interest is: A) $790,000. B) $784,000. C) $806,000. D) $910,000. O A O B