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Business, 28.05.2021 01:50 chaseashley24

ABC borrowed $100,000 on November 1, 2018, and signed a six-month note bearing interest at 12%. Principal and interest are payable in full at maturity on May 1, 2019. In connection with this note, ABC should report interest expense in 2019 for the amount of:

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ABC borrowed $100,000 on November 1, 2018, and signed a six-month note bearing interest at 12%. Prin...

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