A single-payment note promises to pay $140,493 in three years. The issuer exchanges the note for equipment
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A single-payment note promises to pay $140,493 in three years. The issuer exchanges the note for equipment having a fair market value of $100,000. The exchange occurs three years before the maturity date on the note. What interest rate will the accounting impute for the singlepayment note?
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John Kago
Am a processional practicing accountant with 5 years experience in practice, I also happens to have hands on experience in economic analysis and statistical research for 3 years. am well conversant with Accounting packages, sage, pastel, quick books, hansa world, etc, I have real work experience with Strata, and SPSS
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Related Book For 
Financial Accounting Introduction To Concepts Methods And Uses
ISBN: 9780324222975
11th Edition
Authors: Clyde P. Stickney, Roman L. Weil
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