Polley Company sold a 5-year, zero-interest-bearing $36,000 note receivable to Valley Inc. Valley wishes to earn 10%
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Polley Company sold a 5-year, zero-interest-bearing $36,000 note receivable to Valley Inc. Valley wishes to earn 10% over the remaining 4 years of the note. How much cash will Polley receive upon sale of the note?
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Polley Company will receive 28640 as cash upon sale of the 5year zerointe...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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