A Six-Month Note Receivable for $4,000 at 12%, Dated September

question 12

Multiple Choice

A six-month note receivable for $4,000 at 12%, dated September 1, 2015, has accrued interest revenue of ________ on December 31, 2015.

• A)$480
• B)$240
• C)$160
• D)$80

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