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Find how much interest revenue xyz should record on sep

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Reference no: EM132698583

Problem 1: On January 1, 2019, ABC borrows $20,000 from XYZ by signing a 12% note due in nine months. How much interest revenue XYZ should record on Sep. 30, 2019.

Select one:

a. 2400
b. 1200
c. 600
d. 1800

 

Reference no: EM132698583

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