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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 8: Reporting and Analyzing Receivables
  5. Question
    The Total Interest Owing on a $6,000, 4%, 2-Month Note
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The Total Interest Owing on a $6,000, 4%, 2-Month Note

Question 74

Question 74

Multiple Choice

The total interest owing on a $6,000, 4%, 2-month note receivable is


A) $20.
B) $40.
C) $240.
D) $6,040.

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