Multiple Choice
Conner Company borrows $185,600 cash on November 1,2013,by signing a 120-day,8% note.What is the total amount of interest that Conner will recognize for this note?
A) $4,949.
B) $14,848.
C) $2,467.
D) $0,no interest expense is recognized.
E) $1485.
Correct Answer:
Verified
Correct Answer:
Verified
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