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untilwexo untilwexo
wrote...
5 years ago
Olympic Equipment borrowed $200,000 on November 1. The note matures in one year and the interest rate is 9%. What amount of interest expense will be accrued on December 31? (Do not round intermediary calculations. Only round your final answer to the nearest dollar.)
A) $9000
B) $36,000
C) $3000
D) $18,000
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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5 years ago
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5 years ago
Above and beyond my expectations for this site
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