Marsh Corporation Borrowed $90,000 by Issuing a 12%,six-Month Note Payable,all

question 97

Multiple Choice

Marsh Corporation borrowed $90,000 by issuing a 12%,six-month note payable,all due at the maturity date.After one month,the company's total liability for this loan amounts to

• A)$91,800.
• B)$90,900.
• C)$90,450.
• D)$90,000.

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