When is the stated interest rate of a debt instrument presumed to be fair?

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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Question Posted: Dec 21, 2010 02:01 AM

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When is the stated interest rate of a debt instrument presumed to be fair?

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When a debt instrument is exchanged in a bargained transaction entered into at ar...View the full answer

Intermediate Accounting

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