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De Meaning Corporation Issued a One-Year 6% $300,000 Note on April

Question 76

Multiple Choice

De Meaning Corporation issued a one-year 6% $300,000 note on April 30, 2014. Interest expense for the year ended December 31, 2014 was:

A) $18,000.
B) $13,500.
C) $12,000.
D) $10,500.

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