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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 $ Market rate 901,819 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

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 $ Market rate 901,819 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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 $ Market rate 901,819 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
Transcribed Image Text: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 $ Market rate 901,819 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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