On February 1, 2021, a company loans one of its employees $30,000 and accepts a nine-month,...
On February 1, 2021, a company loans one of its employees $30,000 and accepts a nine-month, 9% note receivable.
Calculate the amount of interest revenue the company will recognize in 2021.
Homework Answers
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Interest revenue that will be recognized = 30,000 * 9% * 9/12 = 2025 Comment if you face any issues |
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