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Cambria Limited took a $250,000 two-year note receivable from a customer in connection with a major inventory sale transaction on 1 January 20X5. The note
Cambria Limited took a $250,000 two-year note receivable from a customer in connection with a major inventory sale transaction on 1 January 20X5. The note required annual end-of-year interest payments of 8%, and the principal was due at the end of 20X6.
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