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Business, 04.04.2020 02:38 1hannacarson

Montana Minerals sold coal to Beta Electric, receiving a six-month, noninterest-bearing note for $200,000. The fair value of the goods sold to Beta is $192,000. Montana uses a periodic inventory system, and views the financing component of this transaction to be significant.

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Montana Minerals sold coal to Beta Electric, receiving a six-month, noninterest-bearing note for $20...
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