Question
On March 1, RS Company purchased land from C Company issuing a zero-interest bearing note for $850,000 payable in 5 years. The land is carried
On March 1, RS Company purchased land from C Company issuing a zero-interest bearing note for $850,000 payable in 5 years. The land is carried on C Companys books at a cost of $450,000 and has a fair market value of $722,000. SHOW ALL CALCULATIONS!
a. The present value of the note is $_____
b. The cost of the land to RS Company is $_____
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Business Process Modeling Simulation And Design
Authors: Manuel Laguna, Johan Marklund
3rd Edition
1138061735, 978-1138061736
