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Allen Corp's liability account balances at June 30, 2019 included a 10% note payable. The 3,000,000 note was dated October 1, 2017 and is payable

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Allen Corp's liability account balances at June 30, 2019 included a 10% note payable. The 3,000,000 note was dated October 1, 2017 and is payable in three equal annual payments of 1,000,000 plus interest. The first interest and principal payment was made on October 1, 2018. In Allen's June 30, 2019 statement of financial position, what amount should be reported as accrued interest payable for this note? Select one: a. 50,000. b.150,000 e c.75,000 ed: 225,000

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