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You Can Do It Corporation is a global organization following IFRS reporting. They took a note receivable for impaired receivables in the amount of $100,000.

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You Can Do It Corporation is a global organization following IFRS reporting. They took a note receivable for impaired receivables in the amount of $100,000. The stated rate 8% paid annually. Note to be repaid in 3 years. Market rates for this type of instrument is 10%. 1. What is the amount of the Bond receivable in You Can Do It Corporation's books at purchase? (Show your calculations) 2.Make the journal entry to record it in the books. 3. How much of the discount is to be amortized in years 1 and 2

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