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JB Environmental provides cost - effective solutions for managing regulatory requirements and environmental needs specific to the airline industry. Assume that on July 1 the
JB Environmental provides costeffective solutions for managing regulatory requirements and environmental needs specific to the
airline industry. Assume that on July the company issues a oneyear note for the amount of $ million. Interest is payable at maturity.
Required:
Determine the amount of interest expense that should be reported in the yearend income statement under each of the following
independent assumptions: Enter your answers in dollars, not millions ie million should be entered as
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