On January 1, Snipes Construction paid for earth-moving equipment by issuing a $300,000, 3-year note that specified 2% interest to be paid on December 31 of each year. The equipment’s retail cash price was unknown, but it was determined that a reasonable interest rate was 5%. At what amount should Snipes record the equipment and the note? What journal entry should it record for the transaction?
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Business, 23.06.2019 07:50, cheesy7651
To record a 6% stock dividend, accountants use to record a 55% stock dividend, accountants use a. par value per share; market price per share b. par value per share; par value per share c. market price per share; market price per share d. market price per share; par value per share
Answers: 1
Business, 23.06.2019 09:00, aprilstalder
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On January 1, Snipes Construction paid for earth-moving equipment by issuing a $300,000, 3-year note...
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