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During the year, Hamlet Inc. paid $28,000 to have bond certificates printed and engraved, paid $100,000 in legal fees, paid $11,000 to a CPA for registration information, and paid $260,000 to an underwriter as a commission. What is the amount of bond issue costs

Respuesta :

Ritmeks

Answer:

$399,000

Explanation:

Hamlet incorporation paid an amount of $28,000 to print bond certificates

$100,000 was paid to settle the legal fees

$11,000 was paid for the registration of the certificates

$260,000 was paid as commission to an underwriter

Therefore, the amount of bond issue costs can be calculated as follows

=$260,000+$11,000+$100,000+$28,000

= $399,000

Hence the amount of bond issue costs is $399,000