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In year 1, company A issues a zero interest 5yr 10000 notes receivable. The prevailing market rate is 4.56%. Therefore the present value of the
In year 1, company A issues a zero interest 5yr 10000 notes receivable. The prevailing market rate is 4.56%. Therefore the present value of the note receivable is 8000. What is the carrying amount of the note at the end of year 1?
a)8365
b)10000
c)10365
d)8000
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