Question 3 (or 5 20.00 points M9-3 Computing Interest Expense LO9-3 Kioso Company bo owed...
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Question 3 (or 5 20.00 points M9-3 Computing Interest Expense LO9-3 Kioso Company bo owed $64000 for six months The annual interest rate on he loan was 10% Kosos fiscal year ends on December 31 Keseborowd the $640,000 one mon prioe to the end of ts last fscal year and paid the $840,000 plus interest back five months into its cument fiscal year How much intorest expense, f any, would Kieso report at the end of ts last fiscall year and at the nd of its ourrent fiscal year? References Book & Resources Leaming Cbjective: 00-03 Reprt 8 9 command oplion
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