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if we issue a zero interest bearing note payable that has a term of 4-months, how would we record it? Assume we issue at $102,000
if we issue a zero interest bearing note payable that has a term of 4-months, how would we record it? Assume we issue at $102,000 a 4-month, zero-interest bearing note to ABC, National Bank. The present value of the note is $100,000. How would we show the note on our financial statements before we pay it off?
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Acca Financial Reporting Practice And Revision Kit
Authors: BPP Learning Media
1st Edition
1509738053, 978-1509738052
