On December 1,2014,Parsons Sales Sold Machinery to a Customer for $2,000.The

question 71

Multiple Choice

On December 1,2014,Parsons Sales sold machinery to a customer for $2,000.The customer could not pay at the time of sale,but agreed to pay 9 months later,and signed a 9-month note at 12% interest.How much interest revenue was earned for the entire term of the note?

• A) $180
• B) $75
• C) $160
• D) $90

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Definitions:

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A 1990 land dispute between a group of Mohawk people and the town of Oka, Quebec, Canada, which highlighted Indigenous land claims and rights.

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A specific area of land reserved for the interment of deceased family members or ancestors, often holding cultural, spiritual, or historical significance.

Land Claim

A formal assertion by a group or individual to have legal rights over a specific area of land, often based on historical occupancy or use.

Mythological Creature

A mythical being or legendary animal often featured in folklore or cultural stories, known for its unique powers or characteristics.