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Business, 02.10.2020 09:01 liliana74

On October 1, 2018, Hill Company borrows $20,000 from a local bank. The note has an interest rate of 6% and is due in one year. How much interest expense will Hill Company report on its 2018 income statement?

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On October 1, 2018, Hill Company borrows $20,000 from a local bank. The note has an interest rate of...
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