The principal of a note receivable refers to: a. the present value of the note. b. the

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The "principal" of a note receivable refers to:

a. the present value of the note.

b. the amount of cash borrowed.

c. the financing company that is lending the money.

d. the amount of interest due.

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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