米国公認会計士コミュのNEED HELP

Hi guys,
I am having a hard time to solve one problem listed below...
This is regarding "Interest Amortizaion" for Bonds.
I would appreciate it if any of you can help me out with this.......
Thank you very much.

Question:
On October 1, 2004, Lyman Co. purchased to hold to maturity, 300, $1,000, 9% bonds for $312,000. An additional $19,000 was paid for accrued interest. Interest is paid semiannually on December 1 and June 1 and the bonds mature on December 1, 2008. Lyman uses straight-line amortization. Ignoring income taxes, the amount reported in Lyman's 2004 income statement from this investment should be

Answer is $6,030.

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[4] mixiユーザー 05月23日 15:04

Hi Trazan,

Thank you so much for your quick response and
the beautiful explanation !

I was confused becuase I totally overlooked the word
"straight-line amortization"... and waiting for
market interest rate or something ....... (dumb)

anyway, thank you again for your help.

Regards,

[6] mixiユーザー 05月25日 01:45

lol =P

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