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On June 1, Davis lnc. issued an 584,700,10%,120-day note payable to Garda Company. Assume that the fiscal year of Garcia ends June 30. Using a
On June 1, Davis lnc. issued an 584,700,10%,120-day note payable to Garda Company. Assume that the fiscal year of Garcia ends June 30. Using a 360-day year, what is the amount of interest revenue recognized by Garda in the following year? when required, round your answer to the nearest dollar. a. 5706 b. 52141 c. 38.470 d. 51:412
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