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When it is necessary to impute interest on a note payable, the imputed rate should be A.Two-thirds of the prime rate effective at the time
When it is necessary to impute interest on a note payable, the imputed rate should be
A.Two-thirds of the prime rate effective at the time the note is received.
B.Equal to the rate obtainable on government securities with comparable due dates.
C.The minimum rate allowed by the Internal Revenue Code.
D.Influenced by the prevailing market rate for debt instruments with substantially identical terms and risks.
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