On September a company acquired a patent. The agreement specified that the company will pay $ immediately and then another $ on September An interest rate of reflects the time value of money for this type of loan agreement. PV of $ PVA of $
What amount of interest expense, if any, would the company record on December the companys fiscal year end?
Note: Round your answer to nearest whole dollar amount. On September a company acquired a patent. The agreement specified that the company will pay $ immediately and then another $ on September An
interest rate of reflects the time value of money for this type of loan agreement. PV of $ PVA of $
What amount of interest expense, if any, would the company record on December the company's fiscal year end?
Note: Round your answer to nearest whole dollar amount.
Multiple Choice
$
$
$
$
