Posts by Troubleshooter
Total # Posts: 6
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20,000*0.1=2,000 is the interest income, since the note is for one year, so the percentage should be applied to the principal amount. If you have any questions in future related to accounting, economics and other business studies, just visit my virtual office at Liveperson ...
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For questions related to accounting, economics and other business studies, just visit my virtual office at Liveperson website. search for Accounting Troubleshooter and get fast and accurate answer