【单选题】A company purchased $60,000 of 5% bonds on May 1 at par value. The bonds pay interest on February 1 and August 1. The amount of interest accrued on December 31 (the company's year-end) would be:
【判断题】For accrual bonds, the cash flows of the interest accrued for accrual tranche is used to pay down the interest of other tranches and shorten their maturity.