The total interest owing on a $6,000, 4%, 2-month note receivable is
A) $20.
B) $40.
C) $240.
D) $6,040.
Correct Answer:
Verified
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A)Cash is
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Q96: Interest is usually associated with
A)accounts receivable.
B)notes receivable.
C)doubtful
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Q98: Interest accrued on a note receivable is
A)credited
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