On October 1, 2015, Android Inc

question 35

Multiple Choice

On October 1, 2015, Android Inc. made a loan to one of its customers. The customer signed a 4-month note for $100,000 at 15%. How much interest revenue did the company record in the year 2015?

• A)$1,500
• B)$1,250
• C)$5,000
• D)$3,750

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