Question
When a company issues a two-year non-interest bearing note in exchange for a piece of equipment, what should it be recorded as? the present value
When a company issues a two-year non-interest bearing note in exchange for a piece of equipment, what should it be recorded as?
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the present value of the face amount.
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the equipments estimated value in use.
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face value.
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the fair value of the equipment.
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Introduction to Corporate Finance What Companies Do
Authors: John Graham, Scott Smart
3rd edition
978-1111222284
