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Spielberg Inc. signed a $200,000 noninterest bearing note due in five years from a production company eager to do business. Comparable borrowings have carried an
- Spielberg Inc. signed a $200,000 noninterest bearing note due in five years from a production company eager to do business. Comparable borrowings have carried an 10.25% interest rate. What is the value of this debt at its inception?
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Fixed Asset Accounting
Authors: Steven M. Bragg
2nd Edition
1938910087, 9781938910081
