Multiple Choice
On December 1, Victoria Company signed a 90-day, 6% note payable, with a face value of $15,000. What amount of interest expense is accrued at December 31, the company's year end, on the note?
A) $0
B) $75
C) $900
D) $225
E) $300
Correct Answer:
Verified
Correct Answer:
Verified
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