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On September 1,2018, Middleton Corp. lends cash and accepts a $1,000 note receivable that offers...

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Accounting

On September 1,2018, Middleton Corp. lends cash and accepts a $1,000 note receivable that offers 12% interest and is due in six months. How much interest revenue will Middleton Corp. report during 2018?
A. $20.
B. $40.
C. $30.
D.$60.

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