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    Corporate Financial Accounting Study Set 2
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    Exam 10: Current Liabilities and Payroll
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    On October 1,Ramos Co
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On October 1,Ramos Co

Question 38

Question 38

Essay

On October 1,Ramos Co.signed a $90,000,60-day discounted note at the bank.The discount rate was 6%,and the note was paid on November 30.(Assume a 360-day year is used for interest calculations. )
On October 1,Ramos Co.signed a $90,000,60-day discounted note at the bank.The discount rate was 6%,and the note was paid on November 30.(Assume a 360-day year is used for interest calculations. )

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