Question
On November 1, Year 1, Noble Company borrowed $124,000 from South Bank and signed a 6%, seven-month note payable, all due at maturity. How much
On November 1, Year 1, Noble Company borrowed $124,000 from South Bank and signed a 6%, seven-month note payable, all due at maturity.
How much must Noble pay South Bank on May 1, Year 2, when the note matures?
127,720
128,340
125,860
124,000
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Sound Investing, Chapter 15 - Liability Tricks
Authors: Kate Mooney
2nd Edition
0071719377, 9780071719377
