ANSWERS TO QUESTIONS

Akira, Inc. Cash 680,000 Finance Charge ($1,000,000 X 2%) 20,000 Notes Payable 700,000 Alisia National Bank Notes Receivable 700,000 Cash 680,000 Financing Revenue ($1,000,000 X 2%) 20,000 BRIEF EXERCISE 7-9. CRC ................
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