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Generous Inc

Question 47

Multiple Choice

Generous Inc.lends Blue Inc.$40,000 on April 1,accepting a four-month,4.5% interest-bearing note.Generous Inc.prepares financial statements on April 30.What adjusting entry should be made by Generous Inc.before its financial statements are prepared? Generous Inc.lends Blue Inc.$40,000 on April 1,accepting a four-month,4.5% interest-bearing note.Generous Inc.prepares financial statements on April 30.What adjusting entry should be made by Generous Inc.before its financial statements are prepared? A) Option A B) Option B C) Option C D) Option D


A) Option A
B) Option B
C) Option C
D) Option D

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