Question
*ii. Zero-Interest-Bearing Notes* Example 2: On March 1, Landscape issues a $102,000, four-month, zero-interest-bearing note to Castle National Bank. The present value of the note
*ii. Zero-Interest-Bearing Notes*
Example 2: On March 1, Landscape issues a $102,000, four-month, zero-interest-bearing note to Castle National Bank. The present value of the note is $100,000.
1. March 1
2. June 30 (assume that an accounting period ends)
3. July 1 (at the maturity)
*Zero-Interest-Bearing Notes *
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Principles Of Financial Accounting Ch 1 17
Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton
1st Edition
0077370457, 9780077370459
