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17 A company sold land and accepted a five-year note having a maturity value of $40,000 with no stated interest rate. The land originally

17 A company sold land and accepted a five-year note having a maturity value of $40,000 with no stated interest rate. The land originally cost the company $25,000. At the date of sale, the land had a fair value of $30,000. What is the amount of the discount when recording the sale? $15,000 $5,000 $10,000 $30,000 NEXT > BOOKMARK

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