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Bloomfield Beverages Ltd has adopted the practice of financing its balance sheet through the use of promissory notes. Bloomfield just issued a new 180-day note,
Bloomfield Beverages Ltd has adopted the practice of financing its balance sheet through the use of promissory notes. Bloomfield just issued a new 180-day note, with a face value of $50 million. The note can be discounted (sold) today for $48,102,267.
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
4th Canadian edition
1118856996, 978-1118856994
