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laila123
Sep 25, 2008, 10:02 AM
On March 1, 1993, Fine Co. borrowed $10,000.00 and signed a two-year note bearing interest at 12% per annum compounded annually. Interest is payable in full at maturity on February 28, 1995. What amount should Fine Report as a liability for accrued interest at 12/31/94?