Multiple Choice
Sodium Inc.borrowed $175,000 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) $21,000.
C) $5,250.
D) $15,750.
Correct Answer:
Verified
Correct Answer:
Verified
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