Is there a difference between those questions? Because for the 1st question I get C but D is correct and for the second question I get B and that is correct and I did the exact same for both questions.
At the beginning of 2017, ABC Company issued 10% bonds with a face value of €6,000,000. These bonds mature in the five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for €5,558,400 to yield 12%. ABC Company uses a calendar-year reporting period. Using the effective-interest method of amortization, which interest expense should be reported for 2017?
A company issues €15,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2017. Interest is paid on June 30 and December 31. The proceeds from the bonds are €14,703,108. Using effective-interest amortization, how much interest expense will be recognized in 2017?