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Question 48

Multiple Choice

[The following information applies to the questions displayed below.]
On September 1,2018,Select Company borrowed $600,000 from a bank and signed a 12%,six-month note payable,with interest on the note due at maturity.
-The total amount of the current liability (including interest payable) for this loan that appears in Select Company's balance sheet at December 31,2018,is:


A) $600,000.
B) $624,000.
C) $636,000.
D) $672,000.

Correct Answer:

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