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How much interest would be recorded for the year

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Problem 1: Burkina Faso sold $165,000 of goods and accepted the customer's $165,000 8%, 1-year note receivable in exchange. Assuming 8% approximates the market rate of return, how much interest would be recorded for the year ending December 31 if the sale was made on June 30?

Reference no: EM132833052

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