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Business, 31.05.2020 01:57 madiness05
G On July 1, Alton Co. issued an $85,700, 6%, 120-day note payable to Seller Co. Assume that the fiscal year of Alton Co. ends July 31. Using a 360-day year in your calculations, what is the amount of interest expense recognized by Alton in the current fiscal year? When required, round your answer to the nearest dollar.
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G On July 1, Alton Co. issued an $85,700, 6%, 120-day note payable to Seller Co. Assume that the fis...
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