Compute interest expense for the following note: face value, ($ 4,000 ; 12) percent interest; date of

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Compute interest expense for the following note: face value, \(\$ 4,000 ; 12\) percent interest; date of note, April 1, 2011. Assume that the fiscal year ends on December 31, 2011.

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Financial Accounting

ISBN: 9780070001497

4th Canadian Edition

Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby

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