Rishaan, who owns a wholesale supply business, has just sold $8,200 in merchandise to Clara for inventory
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Rishaan, who owns a wholesale supply business, has just sold $8,200 in merchandise to Clara for inventory in her styling salon. In return, Clara has signed a pledge to Rishaan to pay the $8,200, plus a designated rate of interest, one year from the date of the sale. Which of the following represents the arrangement between Clara and Rishaan?
A promissory note
A revolving credit agreement
Zero-base budgeting
A line of credit
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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