When a company exchanges a long-term non-interest-bearing note for cash and no interest rate is stated, how

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When a company exchanges a long-term non-interest-bearing note for cash and no interest rate is stated, how does it determine the effective interest?

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Question Posted: Mar 12, 2012 03:54 AM

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When a company exchanges a long-term non-interest-bearing note for cash and no interest rate is stated, how

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Intermediate Accounting

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