Question: ABC Inc. borrowed $200,000 on July 1 . The note requires interest at 10% and principal to be paid in one year. How much interest

ABC Inc. borrowed

$200,000

on July 1 . The note requires interest at

10%

and principal to be paid in one year. How much interest is recognized for the period from July 1 to December 31 ?\

$10,000

$0

$20,000

$8,333

ABC Inc. borrowed $200,000 on July 1 . The note requires interest at 10% and principal to be paid in one year. How much interest is recognized for the period from July 1 to December 31 ? $10,000 $0 $20,000 $8,333

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