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Bluing Corporation Issued a One-Year 9% $300,000 Note on April

Question 21

Multiple Choice

Bluing Corporation issued a one-year 9% $300,000 note on April 30, 2014. Interest expense for the year ended December 31, 2014 was:

A) $27,000.
B) $20,250.
C) $18,000.
D) $15,750.

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