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Swifty Corporation sold $125000 of goods and accepted the customer's $125000 10%, 1-year note in exchange. Assuming 10% approximates the market rate of return, how
Swifty Corporation sold $125000 of goods and accepted the customer's $125000 10%, 1-year note in exchange. Assuming 10% approximates the market rate of return, how much interest would be recorded for the year ending December 31 if the sale was made on June 30? $3125. $6250. $12500. $0
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