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On October 1, Kramer Company Issued a $100,000 Face Value

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On October 1, Kramer Company issued a $100,000 face value discount note. The note had a 6% discount rate and a one-year term to maturity. Kramer received cash in the amount of $94,000.
On October 1, Kramer Company issued a $100,000 face value discount note. The note had a 6% discount rate and a one-year term to maturity. Kramer received cash in the amount of $94,000.


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Abraham Maslow

An American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

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