Multiple Choice
Daniels & Company accepted a nine-month, $24,000 note receivable, with 6% interest, from Renee Company on September 1, 2018. Daniels & Company's year end is December 31. The amount of interest on this note to be recognized by Daniels & Company in 2019 is:
A) $600.
B) $480.
C) $1,440.
D) $1,080.
Correct Answer:
Verified
Correct Answer:
Verified
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