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DAC Multiple Choice Question 183 Brokaw Industries signs a $48000, 10%, 6-month note payable on September 1, 2016. How much interest expense will Brokaw report

DAC Multiple Choice Question 183 Brokaw Industries signs a $48000, 10%, 6-month note payable on September 1, 2016. How much interest expense will Brokaw report in its 2017 financial statements? $0 $1600 $800 $2400

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