Question: Crane Co . receives $ 2 0 0 , 0 0 0 when it issues a $ 2 0 0 , 0 0 0 ,

Crane Co. receives $200,000 when it issues a $200,000,10%, mortgage note

Crane Co. receives $200,000 when it issues a $200,000,10%, mortgage note payable to finance the construction of a building at December 31,2022. The terms provide for annual installment payments of $25,000 on December 31.
payable to finance the construction of a building at December 31,2022. The

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