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    Exam 11: Long-Term Liabilities: Notes, Bonds, and Leases
  5. Question
    Which Type of Note Consists of Periodic Payments Covering Both
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Which Type of Note Consists of Periodic Payments Covering Both

Question 96

Question 96

Multiple Choice

Which type of note consists of periodic payments covering both interest and principal?


A) Interest-bearing bond
B) Receivable note
C) Non-interest-bearing note
D) Installment note

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