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    Business
  3. Study Set
    Using Financial Accounting
  4. Exam
    Exam 9: Current Liabilities, Contingencies, and the Time Value of Money
  5. Question
    Marsh Corporation Borrowed $90,000 by Issuing a 12%,six-Month Note Payable,all
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Marsh Corporation Borrowed $90,000 by Issuing a 12%,six-Month Note Payable,all

Question 97

Question 97

Multiple Choice

Marsh Corporation borrowed $90,000 by issuing a 12%,six-month note payable,all due at the maturity date.After one month,the company's total liability for this loan amounts to


A) $91,800.
B) $90,900.
C) $90,450.
D) $90,000.

Correct Answer:

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