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On September 1, 2019, Maibritt Equipment signed a 12-month, 9% interest bearing note payable for $200.000 Assuming Maibritt maintains its books on a calendar year

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On September 1, 2019, Maibritt Equipment signed a 12-month, 9% interest bearing note payable for $200.000 Assuming Maibritt maintains its books on a calendar year basis, the amount of interest expense that should be reported in the 2020 income statement for this note would be: Select one A $ 8,000 B. $18.000 O C. $12,000 O D. 5 6,000

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