Question: On September 1 , 2 0 2 4 , Middleton Corporation lends cash and accepts a $ 1 , 0 0 0 note receivable that

On September 1,2024, Middleton Corporation 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 Corporation report during 2025?
Multiple Choice
$40
$60
$20
$30
On September 1 , 2 0 2 4 , Middleton Corporation

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