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    Exam 8: Receivables
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    A Company Issues a 60-Day,12% Note for $11,000
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A Company Issues a 60-Day,12% Note for $11,000

Question 97

Question 97

Multiple Choice

A company issues a 60-day,12% note for $11,000.What is the principal amount?


A) $11,000
B) $220
C) $11,220
D) $10,780

Correct Answer:

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