Marigold Corporation issued a one-year, 10%, $354000 note on April 30, 2022. Interest expense for the year ended December 31, 2022 was O $26550. O $35400. O $20650. O $23600.
Marigold Corporation issued a one-year, 10%, $354000 note on April 30, 2022. Interest expense for the year ended December 31, 2022 was O $26550. O $35400. O $20650. O $23600.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Marigold Corporation issued a one-year, 10%, $354000 note on April 30, 2022. Interest expense for the year ended December 31,
2022 was
O $26550.
O $35400.
O $20650.
O $23600.
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