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    Exam 8: Reporting and Analyzing Receivables
  5. Question
    The Maturity Value of a $20,000, 6%, 4-Month Note Receivable
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The Maturity Value of a $20,000, 6%, 4-Month Note Receivable

Question 66

Question 66

Multiple Choice

The maturity value of a $20,000, 6%, 4-month note receivable dated July 3, with interest due at maturity, is


A) $400.
B) $20,000.
C) $20,400.
D) $21,200.

Correct Answer:

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