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  3. Study Set
    Accounting Principles
  4. Exam
    Exam 11: Current Liabilities and Payroll Accounting
  5. Question
    With an Interest-Bearing Note the Amount of Cash Received Upon
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With an Interest-Bearing Note the Amount of Cash Received Upon

Question 1

Question 1

True/False

With an interest-bearing note the amount of cash received upon issuance of the note generally exceeds the note's face value.

Correct Answer:

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