Harrison Corporation borrowed $35,000 from F&M Bank on June 1 of the current year. The bank required 8% interest. Interest will be paid when the nine-month note becomes due. What is the interest expense for the current year?

A) $0
B) $1,400
C) $1,633
D) $2,100

Answer: C

Business

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Unless the purchase agreement or other contract states differently, an earnest money check given to a real estate licensee shall be made out to the:

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