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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 Carrying
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 Carrying Value of Note on Jan.1, 2021?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
9th Edition
9781259722660
