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    Exam 11: Current Liabilities and Payroll
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    Joe Signs a $5 000, 8%, 6- Month Note Dated
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Joe Signs a $5 000, 8%, 6- Month Note Dated

Question 47

Question 47

Multiple Choice

Joe signs a $5 000, 8%, 6- month note dated 1 September 2014. What is Joe's 2015 interest expense for this note?


A) $400
B) $133
C) $67
D) $200

Correct Answer:

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