The company purchased the equipment 600,000. The interest rate of bank is 12,400. The loan is denominated in OMR, matures on March 31 2019. The spot rate of OMR 2.50. What is the value of interest expenses? Select one: a. None of the other points b. OMR 12,400 c. OMR 1,500,000 d. OMR 31,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The company purchased the equipment 600,000. The interest rate
of bank is 12,400. The loan is denominated in OMR, matures on
March 31 2019. The spot rate of OMR 2.50. What is the value of
interest expenses?
Select one:
a. None of the other points
b. OMR 12,400
c. OMR 1,500,000
d. OMR 31,000
Transcribed Image Text:The company purchased the equipment 600,000. The interest rate of bank is 12,400. The loan is denominated in OMR, matures on March 31 2019. The spot rate of OMR 2.50. What is the value of interest expenses? Select one: a. None of the other points b. OMR 12,400 c. OMR 1,500,000 d. OMR 31,000
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