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8. On April 1, 2013, Gecko Company borrowed $48,000 from a local bank at an annual interest rate of 8 percent, and signed a note,

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8. On April 1, 2013, Gecko Company borrowed $48,000 from a local bank at an annual interest rate of 8 percent, and signed a note, payable on April 1, 2014. Interest on this note is also payable at that date. Which of the following amounts should be reported as interest expense related to this note on Gecko's for the year ended December 31, 2013? a. $0 c. $2,880 b. $2,560. d. $3,840

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