Ivey Case 2006 - Supplementary+Case+Travelling+Thai+Ltd.pdf
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To calculate the bond interest expense, you will use the carrying value as of last interest payment date
Bond interest payable: $1,050,000 × 7.5% × 1/12 = $6,56
3,565,518 × 0.3) – $963 = $1,068,692
$3,566,588 × 70% = $2,496,612
You will also take 70% of the carrying value from the past interest payment date to get the updated carrying value for these bond
le: $2,450,000 × 7.5% × 1/12 = $15,313
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