Question
Corp5 bought machinery by paying $20,000 down and signing a $30,000 non-interest-bearing note due in full three years from today. If the loan reflects 3%
Corp5 bought machinery by paying $20,000 down and signing a $30,000 non-interest-bearing note due in full three years from today. If the loan reflects 3% interest, what should the company record as the cost of the machine?
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Warren Buffett Accounting Book Reading Financial Statements For Value Investing
Authors: Stig Brodersen, Preston Pysh
1st Edition
1939370159, 9781939370150
