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Business, 26.11.2019 02:31 tommy6668

On october 1, 2019, donna equipment signed a one-year, 8% interest-bearing note payable for $50,000. assuming that donna equipment maintains its books on a calendar year basis, how much interest expense should be reported in the 2020 income statement?

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On october 1, 2019, donna equipment signed a one-year, 8% interest-bearing note payable for $50,000....
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