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    Financial Accounting Study Set 25
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    Exam 10: Liabilities
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    The Interest Charged on a $90,000, 3-Month Note Payable, at the Rate
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The Interest Charged on a $90,000, 3-Month Note Payable, at the Rate

Question 117

Question 117

Multiple Choice

The interest charged on a $90,000, 3-month note payable, at the rate of 8%, would be


A) $7,200.
B) $3,600.
C) $1,800.
D) $1,200.

Correct Answer:

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