On May 1,Chris Company Borrowed $30,000 from Third Street Bank

question 149

Multiple Choice

On May 1,Chris Company borrowed $30,000 from Third Street Bank on a one-year,6% note.If the company keeps its records on a calendar year,an entry is needed on December 31 to increase

• A)interest expense by $600.
• B)interest expense by $1,800.
• C)interest payable by $900.
• D)interest payable by $1,200.

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Definitions:

Geographic Design

A spatial arrangement or planning strategy that considers geographical factors, such as location and physical space, in its implementation.

Geographic Design

Refers to the strategic planning and arrangement of geographic locations and spaces to achieve specific objectives or outcomes.

Specialized Activities

Specialized activities refer to tasks, operations, or processes that require specific expertise or focus in a particular field or area of knowledge, often contributing to more efficient and effective outcomes.

Network Design

The planning and structuring of a network, including the selection and interconnection of network components, to meet specific business or operational requirements.