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The following information pertains to the next three questions. On April 1 , Year 1 , Nadler Company issued a $ 5 , 0 0

The following information pertains to the next three questions. On April 1, Year 1, Nadler Company issued a $5,000 note to Morris Company. The note had a 12 percent interest rate and was to be repaid, with interest, on April 1, Year 2.8. The total amount of interest receivable that Morris Company recorded on December 31, Year 1, would be
a. $0.
b. $600.
c. $300.
d. $450.

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