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    Fundamental Accounting Principles Study Set 8
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    Exam 14: Bonds and Long-Term Notes Payable
  5. Question
    On January 1, 2015, SuperBowl Inc Signed a Two-Year, 7
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On January 1, 2015, SuperBowl Inc Signed a Two-Year, 7

Question 91

Question 91

True/False

On January 1, 2015, SuperBowl Inc signed a two-year, 7% $5,000 note payable. The note plus interest is due on December 31, 2016. The amount of interest expense to be recorded for 2015 is $375.

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