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    Accounting Principles Study Set 3
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    Exam 9: Accounting for Receivables
  5. Question
    The Interest on a $4,000, 6%, 60-Day Note Receivable Is
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The Interest on a $4,000, 6%, 60-Day Note Receivable Is

Question 69

Question 69

Multiple Choice

The interest on a $4,000, 6%, 60-day note receivable is


A) $240.
B) $40.
C) $80.
D) $120.

Correct Answer:

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