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

question 161

Multiple Choice

Kennesaw 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

---

Definitions:

Contact Comfort

A psychological concept referring to the emotional and physical benefits derived from touching or clinging to something soft and comforting, especially significant in the context of infant-caregiver attachment.

Immediate Altruistic Response

Describes an instant willingness or action taken to help others without expecting anything in return, often facilitated through social media platforms.

Social Media Addiction

A compulsive condition characterized by an overwhelming urge to use social media platforms excessively, leading to negative impacts on an individual's life.

Privacy Salience

The degree to which privacy concerns are forefront in someone's mind, often influencing behavior on digital platforms.