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Bob Lee Swagger borrows $100,000 from Atlas, Inc. on August 1, 2018, by signing a one-year note with 6% interest payable upon maturity. How

Bob Lee Swagger borrows $100,000 from Atlas, Inc. on August 1, 2018, by signing a one-year note with 6% interest payable upon maturity. How much Interest revenue should be recognized in 2018? Multiple Choice $100,000 $6,000 $2,500 $3,500

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