Ho0 Ya Corporation issued a one-year, 4%, $180,000 note on August 31, 2016. or the year ended December 31, 2016 was: [ $ 3,000 ] [ $ 2,400 ] [ $ 1,800 ] Hoo Ya Corporation issued a one-year. 4%, $180,000 note on August 31, 2016.Interest expense for the year ended December 31, 2016 was:$7,200B) $3.000$2,400$1,800

Lets understand the basics.Interest expense is incurred when notes payable issued. Interest gets…

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Hoo Ya Corporation issued a one-year, 4%, $180,000 note on August 31, 2016. Interest expense for the year ended December 31, 2016 was: $7,200 B) $3.000 $2,400

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Chapter1: Financial Statements And Business Decisions

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Question

Ho0 Ya Corporation issued a one-year, 4%, $180,000 note on August 31, 2016. or the year ended December 31, 2016 was: [ $ 3,000 ] [ $ 2,400 ] [ $ 1,800 ]

Hoo Ya Corporation issued a one-year. 4%, $180,000 note on August 31, 2016.
Interest expense for the year ended December 31, 2016 was:
$7,200
B) $3.000
$2,400
$1,800

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