Homework Answers
| Interest rate | Fiscal year end | Interest expense | |
| 1. | 11% | December 31 | 4400000*11%*6/12 = 242000 |
| 2 | 9% | September 30 | 4400000*9%*3/12 = 99000 |
| 3 | 9% | October 31 | 4400000*9%*4/12 = 132000 |
| 4 | 6% | January 31 | 4400000*6%*7/12 = 154000 |
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Exercise 8-5A Determine interest expense (LO8-2) OS Environmental provides cost-effective solutions for managing regulatory requirements and...
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