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On February 1, 2024, a company lends cash and accepts a $10 , 000 note receivable that offers
12% interest and is due in six months. How much interest revenue will the company report
during 2024? Multiple Choice $2 , 400 $600 $1 , 200 $1 , 000
On February 1- 2024- a company lends cash and accepts a $10-000 note r.pdf

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On February 1- 2024- a company lends cash and accepts a $10-000 note r.pdf

  • 1. On February 1, 2024, a company lends cash and accepts a $10 , 000 note receivable that offers 12% interest and is due in six months. How much interest revenue will the company report during 2024? Multiple Choice $2 , 400 $600 $1 , 200 $1 , 000