Information the amount of interest expense appearing, Accounting Basics

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Information the amount of interest expense appearing

Ware Company borrowed $10,000 on September 1, 2011 from the National Bank. Ware agreed to pay interest annually at the rate of 6% per year. The note issued by Ware carried an 18-month term. Based on this information the amount of interest expense appearing on Ware's 2011 income statement would be

	$150.
	$60.
	$-0-.
	$200.

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Accounting Basics: Information the amount of interest expense appearing

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Accounting Basics: Information the amount of interest expense appearing

Reference No:- TGS0677616

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : How long will it take to get money back at no interest

Q : Represents the correct journal entry to record a taxable

Q : How much is the net amount

Q : Financial statements of xenox corporation

Q : Information the amount of interest expense appearing

Q : Calculate the gross amount

Q : Comparative financial statement data

Q : How large lump sum have to be to take it yearly payments

Q : How to accrue interest expense

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Ask an Expert for Answer!!

Accounting Basics: Information the amount of interest expense appearing

Reference No:- TGS0677616

Recent Questions Asked Accounting Basics

Q : How long will it take to get money back at no interest

Q : Represents the correct journal entry to record a taxable

Q : How much is the net amount

Q : Financial statements of xenox corporation

Q : Information the amount of interest expense appearing

Q : Calculate the gross amount

Q : Comparative financial statement data

Q : How large lump sum have to be to take it yearly payments

Q : How to accrue interest expense

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