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The following sequence of events is related to documenting the operations and interactions of Firm A , Bank B , and Customer C during the
The following sequence of events is related to documenting the operations and interactions of Firm A Bank B and Customer during the interval relevant for filing the annual for the year ending in December
April st: Firm A raises $ million in cash using a combination of debt and equity financing. This was done by assuming a debt on a loan of $ million dollars on a interest rate annualized note owed to Bank B and by raising the remainder of the funds by selling shares of $ share par value common stock to a group off investors.
How much revenue is Bank able to recognize resulting from this transaction on this date? your answer should be exact
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