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Indicate whether the statement is true or false
FALSE
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A $54,000, four-month, 12% note payable was issued on October 1, 2018. Which of the following would be included in the journal entry required on the note's maturity date by the borrower? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
A) a credit to Note payable for $56,160 B) a credit to Cash for $54,000 C) a debit to Interest expense for $540 D) a debit to Interest payable for $540
Which of the following inventory methods when used for income tax purposes must also be used for reporting purposes?
a. Specific identification b. LIFO c. FIFO d. Average-cost
The articles of incorporation may be found in the corporate charter
Indicate whether the statement is true or false
What potential problems might an entrepreneur encounter when entering a new country?
What will be an ideal response?