Question
On May 1, 2018, the DCM issued a 9% promissory note with a face value of 8,339,760 for a piece of land. The principal and
On May 1, 2018, the DCM issued a 9% promissory note with a face value of 8,339,760 for a piece of land. The principal and interest, compounded annually, are due on April 30, 2021. How much will the Notes payable will be shown on December 31, 2020 statement of financial position?
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
4th Canadian Edition
0470155353, 978-0470155356
