On December 1,Martin Company Signed a $5,000,3-Month,6% Note Payable,with the Principle

question 179

Multiple Choice

On December 1,Martin Company signed a $5,000,3-month,6% note payable,with the principle plus interest due on March 1 of the following year.What amount of interest expense is accrued at December 31 on the note?

• A)$0
• B)$25
• C)$50
• D)$75
• E)$300

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Definitions:

Behavioral

Relating to the actions or reactions of individuals or groups towards various stimuli, in the context of psychology and social science.

Illnesses

Health conditions that are characterized by dysfunction in an individual's body, mind, or emotions.

Workers

Individuals engaged in some form of labor or employment, typically in exchange for compensation; a broader term that encompasses all levels of employment.

Post-traumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by lasting flashbacks, nightmares, and severe anxiety.