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On January 1,a Company Lends a Corporate Customer $80,000 at 6

Question 132

Multiple Choice

On January 1,a company lends a corporate customer $80,000 at 6% interest.The amount of interest revenue that should be recorded for the first quarter is:


A) $4,800.
B) $1,200.
C) $400.
D) $1,600.

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