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What is the amount of interest revenue recorded

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Question 1: Alpha Company lends Beta Company $40,000 on July 1, 2020 accepting a nine-month, 6% interest note. Alpha Company prepares financial statements on December 31. What is the amount of interest revenue recorded in 2020?

Option 1: $1,200

Option 2: $1,800

Option 3: $600

Option 4: $0

Reference no: EM132494873

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