Question: On December 1 , 2 0 2 3 Malinois Inc. issued $ 1 0 million of commercial paper on a nine - month note. Interest

On December 1,2023 Malinois Inc. issued $10 million of commercial paper on a nine-
month note. Interest was discounted at issuance at a 9% discount rate. What amount of
interest expense should Malinois report on their Income Statement for the year ended
December 2023?
A. $0
(B) $75,000
10mil9%
C. $90,000
D. $7,500
On December 1,2023 Malinois Inc. issued $10 million of commercial paper

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