Assume now that Smith Company, LLC acquired on January 1, 2016 an Interest Bearing Note for...
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Assume now that Smith Company, LLC acquired on January 1, 2016 an Interest Bearing Note for $250,000 with 6% interest, receiving $201,867 in cash. The note will pay annually $15,000 The interest yield is 9% and will end on December 31, 2025. Please full the next table with interest Bearing Note: Years 1-Jan-16 31-Dec-16 31-Dec-17 31-Dec-18 31-Dec-19 31-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 31-Dec-24 31-Dec-25 Amortized Bonus Principal Payment Fixed Total Discount Interest Amortized Balance Assume now that Smith Company, LLC acquired on January 1, 2016 an Interest Bearing Note for $250,000 with 6% interest, receiving $201,867 in cash. The note will pay annually $15,000 The interest yield is 9% and will end on December 31, 2025. Please full the next table with interest Bearing Note: Years 1-Jan-16 31-Dec-16 31-Dec-17 31-Dec-18 31-Dec-19 31-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 31-Dec-24 31-Dec-25 Amortized Bonus Principal Payment Fixed Total Discount Interest Amortized Balance
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Related Book For
Federal Taxation 2018 Corporations, Partnerships, Estates & Trusts
ISBN: 9780134550923
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date:
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