24000, The total interest expense related to these bonds for the current year ending on December 31 is 24000 (12% of 200000)
More about bond interest expense:
Bond interest expense is the total amount of interest paid on the payable bonds of an organization during a reporting period. This cost includes the amortization of any premium or discount on bonds that were issued for the reporting period and based on the cost at which investors purchased them.
It should be rather simple to figure out the interest expense on a payable bond, but then the accountants got involved. Generally Accepted Accounting Principles, or GAAP, make what would normally be a straightforward multiplication problem a little bit more challenging.
Learn more about interest expense here: https://brainly.com/question/17031556
#SPJ1
