Berghaus Company receives a $75,000, 6-year note bearing interest of 8% (paid annually) from a customer at

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Berghaus Company receives a $75,000, 6-year note bearing interest of 8% (paid annually) from a customer at a time when the discount rate is 9%. What is the present value of the note received by Berghaus Company?

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Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Sep 26, 2022 08:35 AM

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Berghaus Company receives a $75,000, 6-year note bearing interest of 8% (paid annually) from a customer at

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The present value of the note received by Berghaus Company is 6381297 This can be calcul...View the full answer

Accounting Principles

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