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    Fundamental Accounting Principles Study Set 7
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    Exam 8: Receivables
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    TechCom Receives a 10%, 90-Day Note for $2,500
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TechCom Receives a 10%, 90-Day Note for $2,500

Question 63

Question 63

Multiple Choice

TechCom receives a 10%, 90-day note for $2,500. The interest on the note is:


A) $36.99.
B) $58.79.
C) $61.64.
D) $50.00.
E) $87.50.

Correct Answer:

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