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    Financial Accounting Tools Study Set 3
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    Exam 8: Reporting and Analyzing Receivables
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    The Total Interest on an $8,000, 5%, 3-Month Note Receivable
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The Total Interest on an $8,000, 5%, 3-Month Note Receivable

Question 129

Question 129

Multiple Choice

The total interest on an $8,000, 5%, 3-month note receivable is


A) $ 100.
B) $ 200.
C) $ 400.
D) $1,200.

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