Bonds - Interest Flashcards
(2 cards)
1
Q
Calculating Interest Payable for bonds
A
Face amount x coupon/stated/contractual interest rate
2
Q
Calculating Interest Expense for bonds
A
Carrying amount x effective interest rate
Calculating Interest Payable for bonds
Face amount x coupon/stated/contractual interest rate
Calculating Interest Expense for bonds
Carrying amount x effective interest rate