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QUESTION 18 On August 1, 2020, A Inc. signed a one-year note payable for $150,000. The annual interest rate is 6%. A Inc, maintains its

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QUESTION 18 On August 1, 2020, A Inc. signed a one-year note payable for $150,000. The annual interest rate is 6%. A Inc, maintains its books on a calendar year basis. How much interest expense should be reported in the 2021 income statement? a $9.000 b.$5,250 c. $3,750 d. $4,500

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