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    Exam 8: Reporting and Analyzing Receivables
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    The Maturity Value of a $60,000, 9%, 40-Day Note Receivable
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The Maturity Value of a $60,000, 9%, 40-Day Note Receivable

Question 29

Question 29

Multiple Choice

The maturity value of a $60,000, 9%, 40-day note receivable dated July 3 is


A) $60,000.
B) $66,000.
C) $65,400.
D) $60,600.

Correct Answer:

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