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A 5%, 120-day note receivable is received from a customer to settle an existing account receivable of $75,000. Assuming a 360 day year, the accounting
A 5%, 120-day note receivable is received from a customer to settle an existing account receivable of $75,000. Assuming a 360 day year, the accounting entry for acquisition of the note will include a
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International Financial Accounting And Reporting
Authors: Ciaran Connolly
6th Edition
1912350025, 978-1912350025
