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    Business
  3. Study Set
    Financial Accounting Information for Decisions
  4. Exam
    Exam 7: Reporting and Analyzing Receivables
  5. Question
    A Company Borrowed $5,000 by Signing a Three-Month Promissory Note
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A Company Borrowed $5,000 by Signing a Three-Month Promissory Note

Question 52

Question 52

True/False

A company borrowed $5,000 by signing a three-month promissory note at 10%.The total interest on the note is $500.

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