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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

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
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
Transcribed Image Text: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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