Business, 15.04.2020 02:58 patriciaceaser2980

Frasquita acquired equipment from the manufacturer on 6/30/2021 and gave a noninterest-bearing note in exchange. Frasquita is obligated to pay $586,000 on 4/30/2022 to satisfy the obligation in full. If Frasquita accrued interest of $21,000 on the note in its 2021 year-end financial statements, what amount would it have recorded the equipment for on 6/30/2021

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Frasquita acquired equipment from the manufacturer on 6/30/2021 and gave a noninterest-bearing note...

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