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Question - The credit period for this note receivable is 90 days. Interest 16% and the Principle amount is K5000.00, the note was down on 1 June 2020. On July 16 the note was discounted with Finance Bank at the rate of 24%.
Required -
1. Calculate the Market value of the note.
2. What is the value of proceeds to be received to the Finance Bank?
Discuss property the importance of earnings management, and the role that ethics plays in its reporting. How and why would you supplement those?
1. it sold land having a fair value of 905000 in exchange for a 3-year zero-interest-bearing promissory note in the
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richard owns and manages an apartment building. this is richards only passive activity. the building generated a loss
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Mirmas purchases two new saws on credit at $375 each. The saws are added to Mirmax's rental inventory. Payment is due in 30 days. How would you journalize this.
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