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Question 40 of 50 < > View Policies -/2 ||| Current Attempt in Progress Novak Automotive signed a $8000, 120-day note payable on October

Question 40 of 50 < > View Policies -/2 ||| Current Attempt in Progress Novak Automotive signed a $8000, 120-day note payable on October 1 that bears interest at an annual rate of 9%. How much will appear on Novak's income statement for interest expense related to this note at December 31? $180.00 O $7200.00 $720.00 $240.00 eTextbook and Media Save for Later Attempts: 0 of 1 used Submit Answer

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