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Law & BusinessInsurance & Liensmedium12% of exam part

A supplier has $20,000 in invoices. Direct payments of $6,800 have been applied to those same invoices, with no other credits or adjustments. What unpaid balance remains?

Correct Answer

C) $13,200.

$20,000 − $6,800 = $13,200 unpaid. This subtraction does not establish lien eligibility, notice compliance or enforceability.

Answer Options
A
$6,800.
B
$11,200.
C
$13,200.
D
$26,800.

Why This Is the Correct Answer

$20,000 − $6,800 = $13,200 unpaid. This subtraction does not establish lien eligibility, notice compliance or enforceability.

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