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    Financial Accounting
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    Exam 3: Accruals and Deferrals: Timing Is Everything in Accounting
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    Bankrupt & Baroque,Inc
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Bankrupt & Baroque,Inc

Question 250

Question 250

True/False

Bankrupt & Baroque,Inc.borrowed $10,000 on January 1 from E-Z Bank for three months at a 6% annual interest rate.The amount of interest due as of January 31 equals $200.

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