On january 1, 2017, train, inc. accepted an $80,000, non-interest bearing 3 year note in exchange for equipment it sold to steam company. train originally purchased the equipment for $125,000, and it had a book value of $75,000 on the date of the sale. the note was non-interest-bearing. an assumed 11% interest rate is implicit in the agreement. actual information for 11%, three periods, follows:
present value of 1
0.73119
present value of annuity of 1
2.44371
refer to exhibit 13-03. what amount would train record as interest income on december 31, 2017?
question 1 options:
$6,434
$8,800
$2,366
$0
Answers: 3
Business, 21.06.2019 21:30
The following information relates to wagner, inc.: advertising costs $ 18 comma 600 administrative salaries 17 comma 800 delivery vehicle depreciation 1 comma 500 factory repair and maintenance 600 indirect labor 10 comma 000 indirect materials 18 comma 000 manufacturing equipment depreciation 3 comma 000 office rent 58 comma 000 president's salary 1 comma 100 sales revenue 600 comma 000 sales salary 5 comma 200 how much were wagner's period costs
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Business, 21.06.2019 23:30
Actual usage for the year by the marketing department was 70,000 copies and by the operations department was 330,000 copies. if a dual-rate cost-allocation method is used, what amount of copying facility costs will be budgeted for the operations department?
Answers: 2
Business, 22.06.2019 11:00
When the federal reserve buys bonds from or sells bonds to member banks, it is called monetary policy reserve ratio interest rate adjustment open market operations
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On january 1, 2017, train, inc. accepted an $80,000, non-interest bearing 3 year note in exchange fo...
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