pled: Exam $2$ Multiple Cholce and Dlsc$...$

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Severed

On June $1,$ Parson Assoclation sold equipment to Arleo and agreed to accept a $3-$month, $$52,000,15\%$ interest$-$bearing note in payment at a time when the prevalling rate of Interest for similar transactions was $15\%.$ When the note was collected upon maturity, Parson would recognize interest revenue of:

Multiple Choice

$$5,850.$

$$0.$

$$1,950.$

$$3,900.$