[The Following Information Applies to the Questions Displayed Below

question 158

Multiple Choice

[The following information applies to the questions displayed below.]
On November 1,Year 1,Noble Co.borrowed $80,000 from South Bank and signed a 12%,six-month note payable,all due at maturity.The interest on this loan is stated separately.
-At December 31,Year 1,Noble Co.'s overall liability for this loan amounts to:

• A)$80,000.
• B)$81,600.
• C)$83,200.
• D)$84,800.

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