A 90-day, 8% note for $10,000 dated May 1 is received from a on account. The customer maturity value of the note is: a. $10,000. b. $10,800. c. $10,200. d. $9,800

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What is maturity value of the note ?

A 90-day, 8% note for $10,000
dated May 1 is received from a
on account. The
customer
maturity value of the note is:
a. $10,000.
b. $10,800.
c. $10,200.
d. $9,800
Transcribed Image Text:A 90-day, 8% note for $10,000 dated May 1 is received from a on account. The customer maturity value of the note is: a. $10,000. b. $10,800. c. $10,200. d. $9,800
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