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    Fundamental Accounting Principles Study Set 5
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    Exam 11: Current Liabilities and Payroll Accounting
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    The Difference Between the Amount Received from Issuing a Note
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The Difference Between the Amount Received from Issuing a Note

Question 124

Question 124

Multiple Choice

The difference between the amount received from issuing a note payable and the amount repaid is referred to as:


A) Interest.
B) Principle.
C) Face Value.
D) Cash.
E) Accounts Payable.

Correct Answer:

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