Business
Business, 28.05.2020 18:57, aide1234564

At January 1, 2021, Dier Company was indebted to Fernandes Bank under a $700,000, 6% note. The note was signed January 1, 2018, and was due December 31, 2022. Annual interest was last paid on December 31, 2019. Dier was experiencing severe financial difficulties and negotiated a restructuring of the terms of the debt agreement. Fernandes Bank agreed to reduce last year's interest and the remaining two years' interest payments to $34,182.40 each and delay all payments until December 31, 2022, the maturity date. How much interest expense should Dier report approximately for 2022?

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 20:00, davidaagurto
If a hotel has 100 rooms, and each room takes 25 minutes to clean, how many housekeepers working 8-hour shifts does the hotel need at 50 percent occupancy?
Answers: 1
image
Business, 23.06.2019 00:00, SoccerHalo
Todd and jim learned that in building a business plan, it was important for them to:
Answers: 1
image
Business, 23.06.2019 02:30, peanutpinkypiepdma46
Suppose a jury of 12 people is chosen from the above pool, and this jury hears a case and discusses the verdict; x is the number who think the defendant is guilty.
Answers: 1
image
Business, 23.06.2019 03:00, sahaitong2552
What is the w-4 form used for? filing taxes with the federal government determining the amount of money an employee has paid out in taxes calculating how much tax should be withheld from a person’s paycheck calculating how much income was paid in the previous year
Answers: 1
Do you know the correct answer?
At January 1, 2021, Dier Company was indebted to Fernandes Bank under a $700,000, 6% note. The note...

Questions in other subjects:

Konu
Mathematics, 02.04.2021 14:00
Konu
English, 02.04.2021 14:00
Konu
Mathematics, 02.04.2021 14:00