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DQuestion 20 2 pts Nittany Company borrowed $60,000 from Lion Corporation on September 1, 2108 signing a 9- month payable with an interest rate of
DQuestion 20 2 pts Nittany Company borrowed $60,000 from Lion Corporation on September 1, 2108 signing a 9- month payable with an interest rate of 3%. Nittany Co operates on a calendar year basis and is preparing its year-end financial statements In preparing its Income Statement for 2018, what amount of Interest Expense should Nittany Co. report from this note payable? e so $600 $ 450 $1,800
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