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On September 1, 2020, Ace company accepts a $9,000, 12-month note receivable. For 2020, the company reports interest revenue of $240. How much interest revenue

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On September 1, 2020, Ace company accepts a $9,000, 12-month note receivable. For 2020, the company reports interest revenue of $240. How much interest revenue will the company report in 2021? Select one: O A. $720. O B. $480. O C. $240. D. The answer cannot be determined with the information given

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