Solution-Determine the amount of interest expense

Determine the amount of interest expense

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Reference no: EM13881441

1.On July 1, 2013, Ross Livermore Industries issued nine month notes in the amount of $400 million. Interest is payable at maturity.

Required:
Determine the amount of interest expense that should be recorded in a year end adjusting entry under each of the following independentassumptions:

Reference no: EM13881441

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Determine the amount of interest expense : 1.On July 1, 2013, Ross Livermore Industries issued nine month notes in the amount of $400 million. Interest is payable at maturity.

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Determine the amount of interest expense

Reference no: EM13881441

Reference no: EM13881441

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