On May 1, 2018, Bodie Co, accepted a $7,500 face value note as evidence of...
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Accounting
On May 1, 2018, Bodie Co, accepted a $7,500 face value note as evidence of a loan it made to T Company. The note had a 10 percent interest rate and a one-year term. What is the interest revenue recognized by Bodie in 2019
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