[The Following Information Applies to the Questions Displayed Below

question 100

Multiple Choice

[The following information applies to the questions displayed below.]
On September 1,2018,Able Company purchased a building from Regal Corporation by paying $200,000 cash and issuing a one-year note payable for the balance of the purchase price.Interest on the note is stated at an annual rate of 9% and is paid at maturity.In its December 31,2018,balance sheet,Able correctly presented the note and interest payable as follows:

-How much must Able pay Regal Corporation on September 1,2019,when the note matures?

• A)$600,000
• B)$618,000
• C)$654,000
• D)$636,000

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Definitions:

Individuals

Distinct entities or beings with unique characteristics, often referring to single human beings or organisms.

Interference Competition

A direct form of competition where organisms physically prevent their rivals from accessing resources.

Exploitative Competition

A form of competition where organisms indirectly interact with each other by consuming scarce resources.

Scavenging

The act of consuming dead or decaying organic matter, a process carried out by certain animals, fungi, and microorganisms, which helps recycle nutrients in ecosystems.