Able Company accepted a $20,000 note on March 10 with terms of 6%, 60 days. Able Company
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Able Company accepted a $20,000 note on March 10 with terms of 6%, 60 days. Able Company discounted the note on March 20, at the Green Bank at 7%. Use ordinary interest. What net proceeds did Able receive?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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