TAXATION OF INDIV.+BUS. ENTITIES 2020 L
TAXATION OF INDIV.+BUS. ENTITIES 2020 L
11th Edition
ISBN: 9781264012619
Author: SPILKER
Publisher: MCG
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Elite Corp. issued a $75,000, 90-day, discounted note to Trust Bank. The discount rate is 5%. Assuming a 360-day year, what are the cash proceeds received by Elite Corp.?
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