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Baths R Us bought inventory on January 1, 2023. The purchase was financed through an interest-free vendor take-back loan, with a promise to repay $200,000

Baths R Us bought inventory on January 1, 2023. The purchase was financed through an interest-free vendor take-back loan, with a promise to repay $200,000 in two years. Thomas recorded the loan on the balance sheet at $200,000. As at December 31, 2023, the inventory's net realizable value was $100,000. what is the case fact

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