Kizspy | Question: 29
(Choose 1 answer)
FJOVERFLOW.COM
A company has a $100,000; 9%; 120 day note payable issued on 6 December. How much of interest payable
will be reported in the balance sheet as at 31 December?
A. 0 because interest is not yet paid
B. 625
C. 360
D. 450
E. 500
