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    Financial Accounting Tools Study Set 2
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    Exam 8: Reporting and Analyzing Receivables
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    The Total Interest on a $6,000, 4%, 2-Month Note Receivable
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The Total Interest on a $6,000, 4%, 2-Month Note Receivable

Question 32

Question 32

Multiple Choice

The total interest on a $6,000, 4%, 2-month note receivable is


A) $ 20.
B) $ 40.
C) $ 240.
D) $6,040.

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