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The following sequence of events is related to documenting the operations and interactions of Firm A , Bank B , and Customer C during the

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The following sequence of events is related to documenting the operations and interactions of Firm A, Bank B, and Customer C during the interval relevant for filing the annual 10-K for the year ending in December 2024.
April 1st,2024: Firm A raises $5 million in cash using a combination of debt and equity financing. This was done by 1) assuming a debt on a loan of $2.4 million dollars on a 10%(interest rate) annualized note owed to Bank B and by 2) raising the remainder of the funds by selling 100,000 shares of $10? share par value common stock to a group off investors.
How much revenue is Bank B able to recognize resulting from this transaction on this date? (your answer should be exact)
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