On Oct 1, 2021 Bianca Inc

question 54

Multiple Choice

On Oct. 1, 2021 Bianca Inc. signed a 1-year $75,000 note payable from Prime National Bank. The loan plus 4% interest is to be repaid on Sept. 30, 2022. Bianca's year-end is December 31. In its 2021 financial statements, Bianca will record an interest expense of

• A) $250
• B) $750
• C) $3,000
• D) $3,375
• E) $1,000

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Definitions:

Mood Disorders

A category of psychiatric disorders characterized by persistent disturbances in mood or emotional tone.

Prevalence

Proportion of the population who have a specific disorder at a given point or period in time.

Chronic Insomnia

A long-standing difficulty in falling asleep or staying asleep, despite the opportunity to do so, affecting someone's day-to-day functioning.

Mental Disorders

Health conditions characterized by alterations in thinking, mood, or behavior associated with distress and impaired functioning.