On June 1, 2014, Siebens Enterprises loaned $20,000 to Tyler Company for one year at 8 percent
Question:
Related to this note receivable, what amount of interest income would Siebens report on its 2014 income statement?
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Related Book For 
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
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