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DochEvi [55]
3 years ago
14

"Lyle Co. borrowed $20,000 from First Bank by signing a written promise to pay a definite sum of money on a specific future date

. Lyle will record this in the general ledger as a(n) payable"
Business
2 answers:
maks197457 [2]3 years ago
6 0

Answer:

It will be recorded as a Loan Payable

Explanation:

Since the money was borrowed and is to be returned at a specific date in the future, it is classified as a Load.

Therefore, the correct answer is Loan Payable.

8090 [49]3 years ago
6 0

Answer: Notes payable.

Explanation:

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3 years ago
A pair of jeans cost $25 in the U.S. and 1600 dinar in Algeria. If the nominal exchange rate is 75 dinar per U.S. dollar, then t
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Answer:

1.172 US pair of jeans/Algeria pair of jeans

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