Norys Corp.received an 8-month,9% note for $100,000 from its agent on October 1,2014.The note is due on May 30,2015.If Norys' accounting period ends on December 31,2014,how much interest revenue should Norys recognize during 2014 and 2015? 2014 2015
A) $ 3,750 $ 2,250
B) $ 2,250 $ 3,750
C) $ 9,000 $ -0-
D) $ 3,375 $ 5,625
Correct Answer:
Verified
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