Northumbria Ltd issued a $50 000, 8%, 3-month note on 1 October. Interest is payable on 1
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Northumbria Ltd issued a $50 000, 8%, 3-month note on 1 October. Interest is payable on 1 January. How much interest should be accrued as at 31 December in relation to the note?
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Interest is payable on 1 January As at 31 December the note is worth 50 000 Interest of 8 p...View the full answer
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