On October 1, 2013, a Firm Accepted a 4-Month, 8

question 49

Multiple Choice

On October 1, 2013, a firm accepted a 4-month, 8% note for $12,000 from a customer with an overdue account balance. The accrued interest recorded for this note on December 31, 2013, is

• A) $960.00
• B) $80.00
• C) $240.00
• D) No accrual is necessary

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Definitions:

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Complete freedom to act as one wishes or thinks best.

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A creator's distinct personal touch or style that identifies their work, allowing one to attribute it to them even in the absence of a literal signature.