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Question 98

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[The following information applies to the questions displayed below.]
On November 1,Year 1,Noble Co.borrowed $80,000 from South Bank and signed a 12%,six-month note payable,all due at maturity.The interest on this loan is stated separately.
-How much interest expense will Noble recognize on this note in Year 2?


A) $9,600.
B) $4,800.
C) $2,400.
D) $3,200.

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