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E8.15 (LO 3) On May 2, Ling Ltd. lends 9,000 to Chen, Inc., issuing a 6-month, 7% note ( in thousands). At the maturity date,

E8.15 (LO 3) On May 2, Ling Ltd. lends 9,000 to Chen, Inc., issuing a 6-month, 7% note ( in thousands). At the maturity date, November 2, Chen indicates that it cannot pay

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