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The Jackson Company issued a one-year $80,000 face value interest-bearing note with a stated interest rate of 9%.The note was issued to the Galaxy Bank on August 1,2016.
-The amount of interest expense and cash outflow shown on the December 31,2016 financial statements would be:
Use the following to answer questions The Jackson Company issued a one-year $80,000 face value interest-bearing note with a stated interest rate of 9%.The note was issued to the Galaxy Bank on August 1,2016. -The amount of interest expense and cash outflow shown on the December 31,2016 financial statements would be: Use the following to answer questions The Jackson Company issued a one-year $80,000 face value interest-bearing note with a stated interest rate of 9%.The note was issued to the Galaxy Bank on August 1,2016. -The amount of interest expense and cash outflow shown on the December 31,2016 financial statements would be: Use the following to answer questions The Jackson Company issued a one-year $80,000 face value interest-bearing note with a stated interest rate of 9%.The note was issued to the Galaxy Bank on August 1,2016. -The amount of interest expense and cash outflow shown on the December 31,2016 financial statements would be: Use the following to answer questions The Jackson Company issued a one-year $80,000 face value interest-bearing note with a stated interest rate of 9%.The note was issued to the Galaxy Bank on August 1,2016. -The amount of interest expense and cash outflow shown on the December 31,2016 financial statements would be: Use the following to answer questions The Jackson Company issued a one-year $80,000 face value interest-bearing note with a stated interest rate of 9%.The note was issued to the Galaxy Bank on August 1,2016. -The amount of interest expense and cash outflow shown on the December 31,2016 financial statements would be:

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