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On 1 October 2016,Android Ltd Made a Loan to One

Question 87

Multiple Choice

On 1 October 2016,Android Ltd made a loan to one of its customers.The customer signed a 4-month note for $100,000 at 13%.How much interest revenue did the company record in the year 2016?


A) $4333
B) $1083
C) $3250
D) $1300

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