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Business, 09.02.2021 01:40, amylumey2005
Nittany Company borrowed $60,000 from Lion Corporation on September 1, 2018 signing a 9-month payable with an interest rate of 3%. Nittany Co operates on a calendar year basis and is preparing its year-end financial statements In preparing its Income Statement for 2018, what amount of Interest Expense should Nittany Co. report from this note payable
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Nittany Company borrowed $60,000 from Lion Corporation on September 1, 2018 signing a 9-month payabl...
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