Delgado Company issues a 3-year, zero-interest-bearing $60,000 note. The interest rate used to discount the zero-interest-bearing note

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Delgado Company issues a 3-year, zero-interest-bearing $60,000 note. The interest rate used to discount the zero-interest-bearing note is 8%. What are the cash proceeds that Delgado Company should receive?

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Jan 30, 2014 03:07 AM

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Delgado Company issues a 3-year, zero-interest-bearing $60,000 note. The interest rate used to discount the zero-interest-bearing note

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Discount rate from Table 1 is 79383 3 periods at 8 ...View the full answer

Accounting Principles

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