A business borrows 100,000 from a bank on July 1, 2008 . Under the agreement with the bank, the loan must be repaid in full on June 30, 2009, with interest at 6 a year.
The business wants to prepare financial statements for the year ended December 31, 2008 . How much interest expense should it report for that year?
a. 0
b. 3,000
c. 6,000
d. 12,000
Question 2
The ___________________ _ method is a depreciation method in which the depreciable cost is divided by the estimated useful life.
Fill in the blank(s) with correct word
Primary School Attendance in World Regions Attending primary school is common but not universal, wo
Schengen Agreement
A Radio Telescope in Green Bank, West Virginia
Population age 65 and over and age 85 and over, selected years 1900-2008 and projected 2010-2050.
Business Math
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...