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Assume a 60-day, 6% note for $60,000, dated June 1, is received from a customer on account. What is the face amount or principal
Assume a 60-day, 6% note for $60,000, dated June 1, is received from a customer on account. What is the face amount or principal amount of the note? O $60,000 O $3,600 O $63,600 O $600
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Intermediate Accounting
Authors: David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
8th edition
978-1259997525, 1259997529, 978-1259548185
