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On August 1, 2024, Tyson Company borrowed $48,000 from the bank on a 15%, 11-month note payable. Calculate the amount of interest expense reported by

On August 1, 2024, Tyson Company borrowed $48,000 from the bank on a 15%, 11-month note payable. Calculate the amount of interest expense reported by Tyson Company in its 2025 income statement related to this loan

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