Accountıng Iı Deneme Sınavı Sorusu #1042418

Anadolu Co. borrowed 10,000 TL from AOF Co. as of January 2, 2019, in return signed a three year, 10 percent annually interest bearing note. The market rate for a note of similar risk is 12 percent. Calculate the first year interest expense.


913 TL

924 TL

1,000 TL

1,085 TL

1,142 TL


Yanıt Açıklaması:

Present Value of the Principal
10,000 TL x 0.71178 (Appendix A, Table 1, n: 3, i: 12%) 7,118 TL
Present Value of the Interest Payments
1,000 TL x 2.40183 (Appendix A, Table 2, n: 3, i: 12%) 2,402 TL
Present value (selling price) of the bonds 9,520 TL

First year interest expense is 9,520 TL x 12% = 1,142 TL

The correct answer is E.

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