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    Fundamental Accounting Principles Study Set 5
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    Exam 9: Accounting for Receivables
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    What Is the Amount of Interest That Is Due on a $36,000
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What Is the Amount of Interest That Is Due on a $36,000

Question 23

Question 23

Essay

What is the amount of interest that is due on a $36,000, 90-day, 4% note receivable at maturity?

Correct Answer:

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$36,000 F1...

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