When purchasing an asset by agreeing to an non interest bearing four year note of $ 30,000
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When purchasing an asset by agreeing to an non interest bearing four year note of $ 30,000 at an effective (imputed) rate of 12%, how is the note recorded on the balance sheet?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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