Multiple Choice
RAS Corporation issued a one-year, 12%, €200,000 note on August 31, 2011.Interest expense for the year ended December 31, 2011 was
A) € 24,000.
B) € 10,000.
C) € 8,000.
D) € 6,000.
Correct Answer:
Verified
Correct Answer:
Verified
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