Homework Answers
When the interest payment dates are March 1 and September 1, and notes are issued on July 1, the amount of interest expense
to be accrued at December 31 of the year of issue would ?
Answer -
The amount of interest expense to be accrued at December 31 of the year of issue would be for four months (that is from September 1 to December 31).
Hence, Option - (C) is Correct.
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