Multiple Choice
Slack Inc. borrowed $320,000 on April 1. The note requires interest at 12% and principal to be paid in one year. How much interest is recognized for the period from April 1 to December 31?
A) $0.
B) $38,400.
C) $25,600.
D) $28,800.
Correct Answer:
Verified
Correct Answer:
Verified
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