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23. ) Brooke Company discounted its own P 5, 000, 000 one-year note at a discount rate of 12%, when the prime rate was 10%

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23. ) Brooke Company discounted its own P 5, 000, 000 one-year note at a discount rate of 12%, when the prime rate was 10% . In reporting the note prior to maturity , what rate should be used for the recording of interest expense ?" 2 . 10.0% b . 10. 7% C. 12.0% 13. 6%

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