Multiple Choice
Use the following information for questions:
Pluto Co.borrowed $25,000 on September 1, 2010 on a nine-month, 8% note.Interest and principal are due at maturity.
-The total liability reflected on the December 31, 2010 balance sheet concerning this note would be closest to:
A) $25,000
B) $25,667
C) $26,500
D) $27,000
Correct Answer:
Verified
Correct Answer:
Verified
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