A 6-month note is issued on November 1.If no previous accruals have been made,how many months of interest should be accrued on December 31?
A)6
B)2
C)4
D)0

Name: A 6-month note is issued on November 1.If no previous accruals have been made,how many months of interest should be accrued on December 31? A)6 B)2 C)4 D)0
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Question

Quizplus · Accepted Answer

A 6-month note is issued on November 1, meaning it will mature on May 1 of the following year. Therefore, interest should only be accrued for two months until December 31.

A 6-Month Note Is Issued on November 1