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Other book On August 1, Batson Company issued a 60-day note with a face amount of $73,800 to Jergens Company for merchandise inventory. (Assume
Other book On August 1, Batson Company issued a 60-day note with a face amount of $73,800 to Jergens Company for merchandise inventory. (Assume a 360-day year is used for interest calculations.) a. Determine the proceeds of the note assuming the note carries an interest rate of 12%. 75,276 X b. Determine the proceeds of the note assuming the note is discounted at 12%. 73,868.3 X
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Forensic Accounting
Authors: Robert Rufus, Laura Miller, William Hahn
1st Edition
133427528, 133050475, 9780133427523, 978-0133050479
