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    Financial Managerial Accounting
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    Exam 10: Liabilities: Current,installment Notes,and Contingencies
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    On October 1,Ramos Co
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On October 1,Ramos Co

Question 97

Question 97

Essay

On October 1,Ramos Co.signed a $90,000,60-day discounted note at the bank.The discount rate was 6%,and the note was paid on November 30.(Assume a 360-day year is used for interest calculations.)
On October 1,Ramos Co.signed a $90,000,60-day discounted note at the bank.The discount rate was 6%,and the note was paid on November 30.(Assume a 360-day year is used for interest calculations.)

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