A B C D E F G For each case, provide the missing information. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong.) Item Case 1 Case 2 Case 3 Notes receivable, face value $ 900,000 $ 1,000,000 $ 2,000,000 Initial carrying value $ 901,819 Market rate 8% Stated rate 8% 7% 10% Term of bonds (in years) 20 5 Note receivable discount (153,244) Interest income over the note's term 1,200,000
A B C D E F G For each case, provide the missing information. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong.) Item Case 1 Case 2 Case 3 Notes receivable, face value $ 900,000 $ 1,000,000 $ 2,000,000 Initial carrying value $ 901,819 Market rate 8% Stated rate 8% 7% 10% Term of bonds (in years) 20 5 Note receivable discount (153,244) Interest income over the note's term 1,200,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Solve
Transcribed Image Text:A
B
C
D
E
F
G
For each case, provide the missing information.
(Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be
marked wrong.)
Item
Case 1
Case 2
Case 3
Notes receivable, face value
$
900,000 $
1,000,000 $
2,000,000
Initial carrying value
$
901,819
Market rate
8%
Stated rate
8%
7%
10%
Term of bonds (in years)
20
5
Note receivable discount
(153,244)
Interest income over the note's term
1,200,000
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