tesporse. Question 8 A note payable of $60,000, 90-day, 8% was issued on November 1, 2020. What is the amount of the accnued interest on December 31, 2020 OA S400 O B. S600 OC S1200 OD. $800

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 3RE: Notting Hill Company incurred the following costs for RD activities: Prepare Notting Hills journal...
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sresporse
Question 8
A note payable of $60,000, 90-day, 8% was issued on November 1, 2020. What ie the amount of the accrued interest on December 31,2020?
OA S400
O B. 5600
OC S1200
OD. S800
Transcribed Image Text:sresporse Question 8 A note payable of $60,000, 90-day, 8% was issued on November 1, 2020. What ie the amount of the accrued interest on December 31,2020? OA S400 O B. 5600 OC S1200 OD. S800
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AR and Chave partenhp caplcot bcs 00 S00 and Stas 0, ly the income sharng A sR n ws. Add wi e
parrh nd apeed that part pays S9500 A perh t The flnces t's and Cs Captal cc aer As
wal wodd be
OARSEND00C 0
OaR SS00, C 00
Transcribed Image Text:Question AR and Chave partenhp caplcot bcs 00 S00 and Stas 0, ly the income sharng A sR n ws. Add wi e parrh nd apeed that part pays S9500 A perh t The flnces t's and Cs Captal cc aer As wal wodd be OARSEND00C 0 OaR SS00, C 00
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