Question
Blue Corporation needs to make an installment note accrual. Use the below information to answer the question. Information: 1) Market Value => Equipment (purchased) =>
Blue Corporation needs to make an installment note accrual. Use the below information to answer the question. Information: 1) Market Value => Equipment (purchased) => 201,000 2) Carrying Value => Installment Note => 155,000 3) Interest Rate => 18% 4) Accrual Period => 5 Months 5) Life => ????? What value is the second number in the year-end accrual? Second Number => _____ __?__, _____ _____ _____
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
5th International Edition
0132815591, 9780132815598
