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Maynard Mills received a 2-month, 5% note for $10,000 on April 5. Which of the following statements is TRUE? O the maturity value of this
Maynard Mills received a 2-month, 5% note for $10,000 on April 5. Which of the following statements is TRUE? O the maturity value of this note is $10,000 O Maynard Mills should record a total receivable due of $10,500 on April 5 O Maynard Mills will receive $10,000 plus interest of $500 at maturity O the principal of the note plus interest is due on June 5
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