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How much interest revenue should be recognized

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Reference no: EM133171756

Question - Assume a company has the following information:

Note Receivable: $100,000

Interest Rate: 9%

Year-end: December 31, 2019

Assume the note was issued on August 1, 2019 and the note term is 9 months. The note matures on April 30, 2020. How much interest revenue should be recognized in 2019?

Reference no: EM133171756

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