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Hines Enterprises loaned $4,000 to Baldwin Company on October 1, 2016, for one year at 8% interest. Required: a) What is the Hines interest income
Hines Enterprises loaned $4,000 to Baldwin Company on October 1, 2016, for one year at 8% interest.
Required:
a) What is the Hines interest income for 2016?
b) What is Hines total amount of receivables at December 31, 2016?
c) What is Hines interest income for 2015?
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