Using the original information, the amount of consolidated Interest Expense for 2014 was
A. $ 135,000.
B. $ 180,000.
C. $ 270,000.
D. $ 360,000.
Answer:B
Using the original information, the amount of consolidated Interest Expense for 2014 was
A. $ 135,000. B. $ 180,000. C. $ 270,000. D. $ 360,000.
Explanation: B) ($6,000,000 - $3,000,000) 6%