Answered: On December 12, Lowell Corporation…

On December 12, Lowell Corporation accepted a $160,000, 120-day, non-interest-bearing note from Able.com. What is the maturity value of the note? Maturity value

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

ChapterD: Notes Payable And Notes Receivable

Section: Chapter Questions

Problem 2P

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Question

What maturity value of the note?

On December 12, Lowell Corporation accepted a $160,000, 120-day, non-interest-bearing note from Able.com. What is the maturity
value of the note?
Maturity value

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