Question
QUESTION 16?? When the stated rate does not equal the market rate at the date of issuance, the entry to record the issuance of the
QUESTION 16??
When the stated rate does not equal the market rate at the date of issuance, the entry to record the issuance of the note will include
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| either a debit to Discount on Notes Receivable or to Premium on Notes Receivable. | |
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| either a debit to Discount on Notes Receivable or a credit to Premium on Notes Receivable. | |
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| credits to Notes Receivable and Interest Receivable. | |
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| a debit to cash and a credit to Notes Receivable for the face amount of the note. |
answer and explain please.
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Principles Of External Auditing
Authors: Brenda Porter, David Hatherly, Jon Simon
3rd Edition
0470018259, 9780470018255
