Question: Please provide the correct answer to this general accounting problem using accurate calculations. Hanne Inc. borrowed $400,000 on April 1. The note requires interest at

Please provide the correct answer to this general accounting problem using accurate calculations.

Hanne Inc. borrowed $400,000 on April 1. The note requires interest at 12% and principal to be paid in one year. How much interest is recognized for the period from April 1 to December 31? A) $0. B) $48,000. C) $32,000. D) $36,000

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