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    Financial and Managerial Accounting Study Set 5
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    Exam 8: Receivables
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    A 60-Day, 10% Note for $9,000, Dated April 15, Is
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A 60-Day, 10% Note for $9,000, Dated April 15, Is

Question 91

Question 91

Multiple Choice

A 60-day, 10% note for $9,000, dated April 15, is received from a customer on account. The face value of the note is


A) $9,850
B) $7,200
C) $9,900
D) $9,000

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