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ABC Corporation invests $75,000 in a Certificate of Deposit (CD) paying annual interest of 4 percent. The company's Sept. 30 balance sheet shows an interest
ABC Corporation invests $75,000 in a Certificate of Deposit (CD) paying annual interest of 4 percent. The company's Sept. 30 balance sheet shows an interest Receivable asset of $1,750 related to this Co. How many months earlier did the company purchase (invest in the CD? 2.3 months Ob.4 months O c. 6 months O d. 8 months
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