On November 1, 2016, Brownsville Co borrowed $80,000 from State Bank and signed a 12%, six-month note payable, all due at maturity. The interest on this loan is stated separately. At December 31, 2016, Brownsville Co's overall liability for this loan amounts to:
a. $84,800
b. $80,000
c. $81,600
d. $83,200
c
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A. Maslow's theory B. Expectancy theory C. Alderfer's ERG theory D. Hertzberg's theory E. Equity theory
Though a piece of equipment is still being used, the equipment should be removed from the accounts if it has been fully depreciated
Indicate whether the statement is true or false
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