Multiple Choice
ABC Company signed a 5-year note payable for $80,000 at 9% annual interest.What is the interest expense for December 31,2012 if the note was signed on May 1,2012?
A) $7,200
B) $4,800
C) $2,400
D) $36,000
Correct Answer:
Verified
Correct Answer:
Verified
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