Curve Inc. purchases equipment with a fair market value of $15,000 in exchange for a 10-year, non-interest-bearing

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Curve Inc. purchases equipment with a fair market value of $15,000 in exchange for a 10-year, non-interest-bearing note payable with a face value of $25,000. What journal entry should Curve record to account for this transaction

Posted Date: May 18, 2024 10:06 PM

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Curve Inc. purchases equipment with a fair market value of $15,000 in exchange for a 10-year, non-interest-bearing

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