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De Meaning Corporation Issued a One-Year 6% $400,000 Note on April

Question 118

Multiple Choice

De Meaning Corporation issued a one-year 6% $400,000 note on April 30, 2022.Interest expense for the year ended December 31, 2022 was:

A) $24,000.
B) $18,000.
C) $16,000.
D) $14,000.

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