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Jane's should report interest expense at December 31, 2024, in the amount of: Multiple Choice $47,806. $45,100. $22,550. $0 Jane's Donut Compary borrowed S20S,OOC on

image text in transcribed Jane's should report interest expense at December 31, 2024, in the amount of: Multiple Choice $47,806. $45,100. $22,550. $0

Jane's Donut Compary borrowed S20S,OOC on January I. 2024. and signed a two-year note bearing interest at 11%. Interest is payable in full at maturity on January I. 2026. In connection with this note. Jane's should report interest expense at December 31. 2024. in the amount of: Multlple Cholce

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