Altsfauzann8npooh Altsfauzann8npooh
  • 01-12-2016
  • Mathematics
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A 60-day, 12% note for $7,000, dated April 15, is received from a customer on account. The face value of the note is: a. $7,140 b. $6,860 c. $7,000 d. $7,840

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MissPhiladelphia
MissPhiladelphia MissPhiladelphia
  • 12-12-2016
The face value is the value of a coin, stamp or paper money, as printed on the coin, stamp or bill itself by the issuing authority. The face value of coins, stamps, or bill is usually its legal value. However, their market value need not bear any relationship to the face value. For example, some rare coins or stamps may be traded at prices considerably above their face value. so the face value is $7000
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