The interest rate investors demand for loaning funds is the

Select one:

a. market interest rate.

b. stated rate.

c. contractual interest rate.

d. bond interest rate.

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Happy Sailing Company exchanged an old sailboat for a new one. The old sailboat had a cost of \$160,000 and accumulated depreciation of $80,000. The fair market value of the old sailboat was $42.000The company paid $200,000 in addition to the old sailboat to acquire the new sailboatIf this transaction has commercial substance, what is the loss that should be recorded on this exchange ?

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Abdul-Rahim Taysir