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    Financial Accounting Study Set 28
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    Exam 4: Accrual Accounting Concepts
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    The Accrued Interest for a Three Month Note Payable of $10,000
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The Accrued Interest for a Three Month Note Payable of $10,000

Question 130

Question 130

True/False

The accrued interest for a three month note payable of $10,000 dated December 1, 2013 at an interest rate of 6% is $150 on December 31, 2013.

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