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Vivian Howell is the payee of $10,000, 180-day, 8% note. At maturity, the maker failed...

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Question

Accounting

Vivian Howell is the payee of $10,000, 180-day, 8% note. At maturity, the maker failed to pay. How much interest income should Vivian recognize on the dishonored note?

Group of answer choices

A.$400

B.$0

C.$10,800

D.$800

Answer & Explanation Solved by verified expert
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