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On February 1, 2024, a company lends cash and accepts a $3,500 note receivable that offers 4% interest and is due in six months.
On February 1, 2024, a company lends cash and accepts a $3,500 note receivable that offers 4% interest and is due in six months. How much interest revenue will the company report during 2024? (Do not round intermediate calculations.) Multiple Choice $53 $840 $70 $140
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th edition
130565353X, 978-1305887510, 1305887514, 978-1305653535
