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On. Jan1, 2020, Sonar Company Purchase land by issuing 3 years, $90,000 zero bearing interest note when the effective interest rate is 8%. Compute Interest
On. Jan1, 2020, Sonar Company Purchase land by issuing 3 years, $90,000 zero bearing interest note when the effective interest rate is 8%. Compute Interest Expense should be recognized in Dec.31,2020?
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The Quest For A Science Of AccountingAn Anthology Of The Research Of Robert R. Sterling
Authors: Thomas A. Lee, Peter W. Wolnizer
1st Edition
0367698196, 9780367698195
