The following unadjusted amounts were taken from a company's accounting records at December 31, 2013:
Note Payable, 6%, 4-month, dated December 1, 2013, for $500,000
Note Receivable, 12%, 6-month, dated October 1, 2013, for $400,000
Definitions:
Plain Folk
A term describing the average, working-class individuals, especially those living in rural areas or small towns, emphasizing their simplicity and honesty.
Historical Significance
The importance attributed to an event, object, or person in history based on its impact or contribution to the present and future.
Paternalism
A policy or practice of treating or governing people in a fatherly manner, especially by providing for their needs without giving them rights or responsibilities.
Canadian
Pertaining to Canada or its people, culture, or characteristics.
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