Multiple Choice
When the interest payment dates are March 1 and September 1, and notes are issued on July 1, the amount of interest expense to be accrued at December 31 of the year of issue would:
A) Not be required.
B) Be for six months.
C) Be for four months.
D) Be for 10 months.
Correct Answer:
Verified
Correct Answer:
Verified
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