X signed a three-month, zero-interest-bearing note on November 1, 2007 for the purchase of $150,000 of inventory. The face value of the note was $152,100. The discount will be amortized equally over the 3-month period, the adjusting entry made at December 31, 2007 will include a -------.

Select one:

a. debit to Interest Expense for $1,400.

b. credit to Interest Expense for $2,500.

c. debit to Interest Expense for $2,500.

d. credit to Interest Expense for $2,000.

Clear my choice

The natural resources are intangible assets

Select one:

a. True

b. False