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Long-term notes receivable which normally bear no interest

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Reference no: EM132813379

Problem 1: Accounts receivable shall be measured initially at

a. Face value

b. Discounted value

c. Maturity value

d. Net realizable value

Problem 2: Long-term notes receivable which normally bear no interest or an interest which is unreasonably low shall be recognized initially at

a. Face value

b. Present value

c. Maturity value

d. Current value

Reference no: EM132813379

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