A 6-Month Note Is Issued on October 1

question 68

Multiple Choice

A 6-month note is issued on October 1.If no previous accruals have been made,how many months of interest should be accrued at December 31?

• A)Six
• B)Three
• C)Four
• D)Two

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Definitions:

Alimentary Canal

The digestive tube extending from the mouth to the anus, through which food is ingested, digested, absorbed, and waste material expelled.

Amylase

An enzyme that catalyzes the hydrolysis of starch into sugars, found in the saliva and pancreatic fluid of humans.

Starch

A carbohydrate consisting of a large number of glucose units, serving as a major energy source from food.

Gallbladder

A small organ located under the liver, which stores and concentrates bile, a digestive enzyme produced by the liver.