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42 Required The following information applies to the questions displayed below Madison Company issued an...

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Accounting

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42 Required The following information applies to the questions displayed below Madison Company issued an interest-bearing note payable with a face value of $30.600 and a stated interest rate of 8% to Metropolitan Bank on August 1, Year 1. The note carried a one-year term Besed on this information alone, what is the amount of total liabililies appearing on Madison's balance sheet as of December 31, Year 1? $33.048 $30 600

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