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On July 1, 2011, Ross-Liver more Industries issued nine-month notes in the amount of $400 million. Interest is payable at maturity.
Required:
Determine the amount of interest expense that should be recorded in a year-end adjusting entry under each of the following independent assumptions:
firm x needs to net income 12800000 from the sale of common stock. its investment banker has informed thw firm that the
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