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On April 1, year 1, Cricket Corporation issues $60 million o

Thesis Help Finance On April 1, year 1, Cricket Corporation issues $60 million o

Finance

On April 1, year 1, Cricket Corporation issues $60 million o

On April 1, year 1, Cricket Corporation issues $60 million of 12%, 10-year bonds payable at par. Int… Show more On April 1, year 1, Cricket Corporation issues $60 million of 12%, 10-year bonds payable at par. Interest on the bonds is payable semiannually each April 1 and October 1. 1) The amount of cash paid to bondholders for interest during year 1, is: a) 6,6000,000 b) 5,400,000 c) 3, 600,000 d) 1,800,00 2) Interest expense on this bond issue reported in Criket’s Year 1, income statement is: a) 2,400,000 b) 4,800,000 c) 5,400,000 d) 7,200,000 • Show less

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