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If a long - term note is issued with zero interest or for nonmonetary consideration,O the debtor always tries to create a gain with such
If a longterm note is issued with zero interest or for nonmonetary consideration,O the debtor always tries to create a gain with such a transaction.O a reasonable interest rate must be imputed.O the note is a nonmonetary liability.O the debtor must first try to value the nonmonetary assets involved in the transaction.
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