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An acquaintance offers you an investment opportunity. If you invest $27,000 right now, you will enjoy annual cash flows for the next four years, followed
An acquaintance offers you an investment opportunity. If you invest $27,000 right now, you will enjoy annual cash flows for the next four years, followed by your share of the proceeds--$30,000--when the business is sold at the end of Year 5. In exchange for your payment of $27,000 today, the acquaintance pledges that you will receive the following end-of-year payments
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
