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The IOU Corporation has a $ 1 5 0 , 0 0 0 note outstanding with 1 4 % annual interest due in semiannual installments

The IOU Corporation has a $

150, 000

note outstanding with

14 %

annual interest due in semiannual installments on January

31

and July

31 .

What amount will be shown as accrued interest on the December

31

balance sheet?

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