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    Financial Accounting
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    Exam 8: Reporting and Analyzing Receivables
  5. Question
    When the Due Date of a Note Is Stated in Months
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When the Due Date of a Note Is Stated in Months

Question 43

Question 43

True/False

When the due date of a note is stated in months, the time factor in calculating interest, if it is due monthly, is the number of months divided by 12.

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