Question : 68.The amount of interest expense appearing the 2012 income statement : 1254546
68.The amount of interest expense appearing on the 2012 income statement would be: A. $1,200. B. $400. C. $800. D. $2,400. 69.As a result of the recognition of interest expense on 12/31/12, A. liabilities will increase and assets will decrease. B. assets and liabilities will decrease. C. assets will increase and retained earnings will increase. D. liabilities will increase and retained earnings will decrease. 70.The carrying value of the liability appearing on […]