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Homework answers / question archive / Quincy Industries issued a $10,000, 90-day, noninterest-bearing note on December 1, 2018, payable to the bank

Quincy Industries issued a $10,000, 90-day, noninterest-bearing note on December 1, 2018, payable to the bank

Accounting

Quincy Industries issued a $10,000, 90-day, noninterest-bearing note on December 1, 2018, payable to the bank. At the date of discount, the bank's discount rate was 18 percent. The company would receive how much cash on December 1, 2018, from the bank? O $10,000 O $8.200 O $11,800 O $ 9.550 D Question 2 1 pts Clearly determinable liabilities do NOT include: federal excise tax payable sales tax payable estimated product warranty payable accounts payable hp

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