On January 1, a 7-year, $8,000, non-interest-bearing note payable was issued when the market rate of interest

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On January 1, a 7-year, $8,000, non-interest-bearing note payable was issued when the market rate of interest was 7%. What amount should be recorded for the note on the balance sheet at the issue date?

$3,570$4,982$11,241$37,725

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Accounting Volume 2

ISBN: 978-0176509743

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Posted Date: May 16, 2020 01:28 PM

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On January 1, a 7-year, $8,000, non-interest-bearing note payable was issued when the market rate of interest

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Accounting Volume 2

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