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Question - On December 31, 2020, Ayayai Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Ayayai Co. agreed to accept a $298,600 zero-interest-bearing note due December 31, 2022, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 10%. Ayayai is much more creditworthy and has various lines of credit at 6%.
Required - Assuming Ayayai Co.'s fiscal year-end is December 31, make the journal entry for December 31, 2022.
Larson Lumber makes annual deposits of $500 at 6% compounded annually for 3 years. What is the future value of these deposits
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xeller company makes electronic keyboards. the practice model price is 220 and variable expenses are 190. the deluxe
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Alice is an attorney and earned 175,000 from her practice in the current year, What Alice's adjusted gross income for the current year
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