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A bank accepts a time draft with a 45 -day maturity and a face value of $1,200,000. If the bank charges a commission of 2.5%,
A bank accepts a time draft with a 45 -day maturity and a face value of $1,200,000. If the bank charges a commission of 2.5%, and discounts the BA to yield 0.8%, how much will the holder of the BA receive net of the discount and commission
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
IFRS 3rd edition
1118978080, 978-1119153726, 1119153727, 978-1119153702, 978-1118978085
