An investment is made on may 24 for 50000 5 bonds at par


Question - An investment is made on May 24 for $50,000, 5% bonds at par value. Interest is payable on March 31 and September 30. What is the accrued interest on the purchase date?

A. 167

B. 875

C. 375

D. 555

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Accounting Basics: An investment is made on may 24 for 50000 5 bonds at par
Reference No:- TGS02689725

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