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    Financial Accounting Study Set 28
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    Exam 8: Reporting and Analyzing Receivables
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    The Maturity Value of a $40,000, 9%, 40-Day Note Receivable
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The Maturity Value of a $40,000, 9%, 40-Day Note Receivable

Question 116

Question 116

Multiple Choice

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


A) $40,000.
B) $44,000.
C) $43,600.
D) $40,400.

Correct Answer:

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