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On October 1, Year 1 Hernandez Company Loaned $60,000 Cash

Question 87

Multiple Choice

On October 1, Year 1 Hernandez Company loaned $60,000 cash to Acosta Company. The two-year note carried a 6% rate of interest. Which of the following shows the effect of Year 2 interest expense on Hernandez's financial statements? On October 1, Year 1 Hernandez Company loaned $60,000 cash to Acosta Company. The two-year note carried a 6% rate of interest. Which of the following shows the effect of Year 2 interest expense on Hernandez's financial statements? A) Option A B) Option B C) Option C D) Option D


A) Option A
B) Option B
C) Option C
D) Option D

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